Carry Back Loan
A carry back loan — commonly known as seller financing or owner financing—is a real estate transaction where the property seller acts as the lender, financing all or part of the purchase price for the buyer through a promissory note secured by the property.
Flexible Negotiation Terms: Down payments, interest rates, and repayment schedules can be negotiated directly between the buyer and seller, bypassing traditional institutional underwriting.
Alternative Financing Solution: Provides a viable pathway for buyers who may not qualify for conventional bank mortgages or who want to avoid high bank origination fees and closing costs.
Mutual Benefit Structure: Allows sellers to monetize their equity over time while potentially earning steady interest income, and gives buyers quick access to property acquisition without strict commercial lender hurdles.