Posted by Dimpil on November 05, 2003 at 05:46:02:
O commerical. You have to find the lender, even with home deals, it’s lender depended as it also depends on your scores and their guidelines.
With commerical lenders I do not deal with them very much as my broker shop deals directly with 2 local banks for commerical investments and they are based on relationships our owner has with them.
Find a broker who deals with commerical purchases. Walk thru the yellow pages and start dialing. Ask pointed questions about how many commerical loans they do a year, how long have they been dealing with commierical paper, what is the critiria etc.
80/20 - Posted by CD1
Posted by CD1 on November 04, 2003 at 17:05:01:
I’ve read about financing 80/20 LTV with the seller holding the 20 in the form of a seller’s second.
Where can I find this type of financing?
Was it once available and not anymore?
Is it available in some parts of the country and not others?
Re: 80/20 - Posted by Dimpil
Posted by Dimpil on November 04, 2003 at 17:58:19:
and 80/20 could be both lender financed. With sellers, you have to find a seller willing to carry the 2nd note and the lender has to agree.
It’s all over still avaialbe today.
Re: 80/20 - Posted by CD1
Posted by CD1 on November 04, 2003 at 19:12:17:
I have a seller willing to hold 20%.
Can you please direct me to a lender who would do this?
It’s a commercial deal.