Property info:
Location: Brooklyn, NY
Type: Residential (Brownstone)
Owes: 450K
Value: $800k and up. (45-50% equity or more)
Situation: Reverse mortgage note is due
Client situation:
Son of deceased cannot qualify for financing but wants his friend to take on a mortgage for the money owed. The friend owns a bar/lounge in Brooklyn, NY as well.
Will to put down up to 10%.
Please contact me only…