How To Finance This?
Here is the scenario: I had my property under contract and it did not go through because they did not qualify for financing. But am still trying to work something out , they could not get the financing because they wanted to start a new business and its not an existing business and that was the main reason they told me the banks said no, they were willing to but close to 20% down and still no...I have a loan on this and it matures in September (I have a one year interest only commercial loan) so I cannot owner finance...any suggestions?
Can you help with the financing?? Can you carry a small 2nd, for a year or so?
will the bank will have first and my loan is maturing in september (one year interest only commercial loan) so when it matures what do i do if I refinance and the bank find what am doing, a lot of people warned me from doing so, saying it is risky. specially if they default.