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#119924 - 04/08/06 05:12 PM Recorded commercial land contact refi?
Commercial Affiliates Offline
Junior Member

Registered: 03/19/06
Posts: 6
Has anyone done this?

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#119925 - 04/08/06 05:50 PM Re: Recorded commercial land contact refi?
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
Not understanding what you are asking? Try fleshing out the question with more details

 Quote:
Originally posted by Commercial Affiliates:
Has anyone done this?
_________________________
Paul Oaks
Oaks Real Estate Group

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#119926 - 04/09/06 08:33 AM Re: Recorded commercial land contact refi?
Commercial Affiliates Offline
Junior Member

Registered: 03/19/06
Posts: 6
Subject property is a neighborhood tavern with attached apartment. Hole in the wall, actually.
Seller willing do short-term land contract. Buyer willing to put 10% down. Wondering how soon a commercial lender would let the buyer refinance this property into a mortgage of their own. Liq. License included. Building leased to operating bar and apartment is leased.
This deal is small peanuts but just wondering if anyone has dealt with something similiar.

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#119927 - 04/10/06 05:22 PM Re: Recorded commercial land contact refi?
CARTERETMTG Offline
Member

Registered: 04/07/06
Posts: 51
I have a commercial department that I can pass this onto and get some solid answers. I dont see it being a huge problem unless its a very small deal. you said peanuts..... explain.

www.carteretmortgage.com

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