Seller/Owner-carry Piggy back loan

Purchase price 300k. Seller only needs 100k at closing and will owner-finance the remainder. This means 100k financed with bank, 200k promissory note from the seller.

How common is it for banks to write this sort of loan? Does your organization write them? Am I better served to go big bank, small bank, credit union or perhaps an independent broker?

Posted Jun 12, 2024, 7:11 PM UTC

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