tunie22
91 Posts |
 Posted - 06/13/2008 : 10:51:29 AM
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I need loan for 65% $6,850,000 or $4,452,500 & Seller will hold a note of 25% - Buyer paying 10% credit around mid 600;s
The buyer is well established S/E marketing/Investor (I’m getting financials & proof of assets)
He said can do FD – if not SIVA for sure….. has about $1.5 mil liquid assets plus about $500k - $600k in chk/savings.
Have a buyer for a BIG home in Odessa area….purchase price of $6,850,000 includes
house on the 2.55 acres appraised/valued at $6mil by itself.
other parcel shares approx. 500 ft of an adjacent property line and is 9.61 acres of all build-able upland acreage.
The 9.61 acres is worth approx $2.0m
Seller is selling BOTH home ($6 + mil value) & 9.61 acre (est. $2mil value)
For capital gain reasons seller needs both properties to close at the same time and on the same HUD or my tax advantage will be lost.
Let me know your thoughts
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