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Updated about 5 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
Anthony Tulino
  • Investor
  • Cranford, NJ
5
Votes |
12
Posts

Has anyone found a bank that will permit seller financing?

Anthony Tulino
  • Investor
  • Cranford, NJ
Posted

Hi All,

I'm looking for a local NJ bank or credit union that will permit the seller to finance a portion or all of the downpayment on a commercial mortgage. I know it is unusual and I've been told 15+ times by local banks they don't allow it, but I also know there's people on BP that have done it. 

Also, I have the funds to put up the 25% myself, it's just tough to pass up this opportunity where the seller is willing to provide it at a low interest rate. 

Thanks!

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