Seller Financing Question

Does anyone know how difficult it is to get a bank 2nd on an 80% seller financed property? Is this even possible right now? Thanks
In Buying Property - Asked by Rocquel G. - Feb 12, 2009
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Answer(s)

Bobbi C.
Broker/Agent
San Francisco, CA

Not possible due to the loan to value of 80%. Banks won't get any higher than this.

Feb 13, 2009
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Kim T. O.
Broker/Agent
San Diego, CA

Yes,if this is owner user and have an active business with equipments you may be able to get business line financing from a bank or equipment financing which can also secured with the property.

Feb 14, 2009
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Chris S.
Broker/Agent
Coeur D'alene, ID

NOT possible unless the seller (1st) is willing to subordinate to the 2nd and thus become the 2nd. Your opnly real option would be cross collaterilzation, equity line against something else, or possibly SBA on business.

Apr 1, 2009
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