Mixed use financing needed

I have a buyer, a realtor, in NJ looking to purchase a mixed use property that he presently leases space in. His office, another office and 4 apartments. Purchase price is $699k. He has 10% to put down and seller will hold a second for 10%.

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Permalink Reply by Nate Carter on June 16, 2014 at 5:58am

John,

We are a direct lender, and would lend on this property. First and foremost, is majority of the revenue coming from the apartments? Or from the Commercial Leases? And, are the leases long term?

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