Posted by ray@lcorn on April 17, 2003 at 16:59:51:
chuck,
Commercial businesses with real estate are generally done with an owner held wrap mortgage. Has the same effect as a subject to, but leaves the seller in charge of the note payments.
ray
Anyone ever do a sub2 on a commercial? - Posted by chuck
Posted by chuck on April 12, 2003 at 08:38:55:
I am exploring different options in purchasing a bar. Anyone ever have a seller refi to pull out the cash, then take over a commercial property sub2? If so how did it differ from a resedential? Thanks for any input.