The park I’m looking at has 2 park owned homes that the current owner is in the process of selling. I am very lucky because he has agreed to deduct the sales proceeds from these homes from the purchase price of the park. Incredibly honest of him, imo.
Anyway, I’d like to get my lender to fund the entire purchase amount of the park and take the sales proceeds from the POHs as cash. It’s going to be $10,000+, so a nice little reserve right off the bat.
How do I word/structure the addendum so I can do this? Is this even possible?