Have Property Under Contract Need Financing Advice
Have a commercial property under contract for 341K. Need to find a lending source that will take 10% down or less. I have the equity in my present property of 75K have it listed trying to sell the property. The property asses for 400K. Presently have a lease for a daollar General 2,950/mo. Present owner has a boat storage business on the back half and has commited to a 850/mo. lease back for 2 years with a 1yr. option. The property will generate cash immediatly. Problem I need to find a way to get this deal done. Open to any ideas but need info fast so I can act.
Thanks
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