Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

7 Figures in 7 Minutes! #sellerfinancing

10 May 2023 · 0 min

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Two investors bought a $4.5 million resort with seller financing covering $3.5 million. They needed $1 million more and raised it in seven minutes at a Starbucks meeting with a local investor, closing the deal without using their own cash.

How we seller financed a $4.5 million resort. Well, step 1, we had to find the resort, and after that we had to figure out the debt. What do we do? We met with the owners, walked to the property, and asked them what they actually wanted for it. They wanted $1 million down. We were $1 million shy, but we got a commitment from them to lend us $3.5 million.
Always start with deal, then debt, then equity. We were on the deal part, so we just figured out what do we actually need to do to put together the deal and get a yes from the seller.
Then we grabbed coffee with a local investor here in Renton at a Starbucks and raised $1 million in 7 minutes of conversation. 7 figures, 7 minutes, and a free resort.