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ftinvestor
06-23-2006, 08:36 PM
I have under contract (or will on Monday) a mall with a purchase price of $3 million and the seller agreeing to carry back 20%. He has also agreed to guarantee a fully-leased building by paying $8 per square foot for any unleased space for the first two years. I am seeking a commercial mortgage for this purchase and wondered if anyone knows of any creative commercial lending institutions. The property is located in Wisconsin. Ideally, it would be a two year mortgage (I will be paying off the seller note in two years) with an 18 month interest only period to allow for full stabilization of the property.

Any ideas?