Posted by Lux Lending Group on May 08, 2008 at 19:06:06:
In Reply to: Financing a multi-unit complex posted by Lanky on May 08, 2008 at 12:37:28:
Wow Lanky
Congradulations that sounds like a great deal. My thoughts, give the 25% investor a 15 year note, base the face value of the note on the projected property value in five years from the purchase, make onetime payments for two to three years, sell the note with a low discount.
Don't know if this is even close to what you were talking about but good luck.
Ferris Anderson