Home Buying in San Francisco>Question Details

Ken Petrich, Real Estate Pro in Chicago, IL

Would you consider financing a buyer who is making an offer of $239,000 on a mixed-use building?

Asked by Ken Petrich, Chicago, IL Fri Jun 14, 2013

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Answers

3
I know a private lender who will consider a loan for you but he charges 10% interest ..
how much downpayment can you put down?

Helen Yuen (415) 583-3535
0 votes Thank Flag Link Sat Jun 15, 2013
It's impossible to answer this question in the abstract. If I was willing to carry paper on a building I would consider any such offer and evaluate based on financials of the buyer, down payment, terms, etc...
0 votes Thank Flag Link Sat Jun 15, 2013
What is the point of this question? It's an individual decision to be made by the lender or seller.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Sat Jun 15, 2013
The point is this...not all lenders finance mixed-use buildings...if you know othewise then let me know...otherwise your reply is not a good reply!
Flag Sat Jun 15, 2013
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