How to Close a 735 Offer With Seller Financing

The 735 offer started with a DSCR loan on both parcels because it was two parcels right next to each other. Once the lender got ahold of it and they looked at the rents, which, again, were severely under market, they said, hey, in order to get this deal closed, you're going to have to bring our cash to the table. And so we basically told the seller, hey, if you want to close in both properties because she didn't want to sell one without the other, let's do seller financing and get the deal closed. The deal that we worked out was a first position mortgage five-year interest only.

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