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Updated about 5 years ago,
Seller Finance Commercial
I am looking to purchase a commercial property (Grocery Store) that my family runs the business inside of it. There is a hair salon on the land that is tide in with the property. There is 30k or so still owed on the Salon but the Store building is paid off. To do a seller finance deal, would that 30k on the salon building need to be paid off before a deal can be done because of a due on sale clause?