This came my way and he is looking for help.
Large multi family 25 milliin. With seller financing they want 50% down and a DSCR wants 20% down. Which in $ it's 12.5M for 50% down and 4.8M with the DSCR loan. Curious how to offer ideas or options to him?
They wanted 33M for the purchase price. Got them down to 25M, no balloon, 3-4% interest. I said they're crazy for asking 50% down to do seller financing. They having 100M+ in real estate. They're getting rid of it because the guys dad wants out to fully retire.
Thanks everyone. I want to post here incase it's helpful for everyone.
9
7 comments
Meredith Ries
5
This came my way and he is looking for help.
Transactional Funding Hub
skool.com/fundinghub
Master transactional funding (Gator Lending), including EMD, DC, and Morby. OC member, Paul, teaches practical steps to make money funding deals.
Leaderboard (30-day)
Powered by