Buying LLC And Assume The Mortgage On The Prfoperty

I have been told that sometimes the Commercial Seller is Selling the Property which has an assumable mortgae on it at 5% and also selling the LLC Business along with that. Is there any information on how that would work?

Comments(10)

  • sammieboy22nd March, 2008

    ***This is not the place to advertise property. You can advertise property for free from "My TCI", link top left.***[ Edited by ypochris on Date 03/22/2008 ]

  • cjmazur27th March, 2008

    you should be able to get 85-90% (1 TD) financing.

    The recourse/non-recourse is so lender specific.

  • ypochris26th March, 2008

    Looks like you found a source- sounds lovely!

    I would suggest googling nearby street names and apartments. No news is good news!

    Chris

  • d_random27th March, 2008

    Wow, sorry to hear that. The police department is the only way I know how to find stats.

  • cjmazur27th March, 2008

    there are FBI stats that are published, but they are not the most timely, and I beleive only go down to zipcode.

    I have seen this on the title profile reports that have been produced for me.

  • ITBInvestor28th March, 2008

    Some cities have awesome crime information online. The city of Raleigh integrates iMaps with police reports in an overlay. If you were to, say, start investing in a new city (e.g. Raleigh,) contact the police in that city and see if they have such a system in place. Hopefully this non-commercial link will be acceptable:

    http://imaps.co.wake.nc.us/imaps/main.htm?mservice=ralcrime&msize=425

  • palmetto7528th March, 2008

    Google or Yahoo search "charmeck" and you will be able to find out anything along those lines you want to regarding Charlotte.

    I actually own some property near that area. Good single family housing stock in that area but there are some very troubled apt complexes unfortunately.

  • raidercelt28th February, 2008

    Those are great suggestions thanks.

    The cloans site I noticed is unsecured fwiw.

  • mgraval28th February, 2008

    Try Commerical Direct in Miami, but below 7% is a fantasy. They may loan out 80 LTV, but be prepared for 8.5%+ which is realistic. Their fees are very reasonable.

  • Birddog129th March, 2008

    I just had a client refy on a 40,000 medical building, got a rate of 5.3%, balloon due in 5, based on a 25 year AM

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