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The buyer had been working at this chiropractic practice for the past year. The seller’s wife was diagnosed with cancer and wanted to sell. The borrower had a negative $200K net worth due to student loans, 650 credit score, and did not own a home. The wife worked outside the practice.

The total project cost was $179,500. We were able to secure a bank loan for $143,500 with a $36,000 equity injection from the buyer. The rate was 6% variable for 10 years!

Z$143,500 Loan AmountZ10-Year Term
Z$36,000 Equity InjectionZ6% Variable Interest Rate

 

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