Private Money Financing for a Mixed-Use Property

 Question Submitted by a Listing Agent in Healdsburg, CA.

Scenario:

Hi Chris,

Please let me know if you can lend on this listing. The agent is looking to help her buyer that is interested in it.

It’s a mixed use property with an office downstairs and a separate residential unit upstairs. It’s a nice building with stable tenants

Cheers,

    – JR

Answer:   Yes.

We can secure financing up to 65% of the purchase price. The buyer would need to come in with at least 35% down payment.

If the buyer has any trouble getting a loan through a bank or commercial lender, we would be able to do the acquisition (purchase) loan so he can close escrow as quickly as possible.

Once the buyer has ownership of the property, he can look into refinancing through a bank without the added stress and challenges that are typical in a purchase transaction.

 

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