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Updated over 4 years ago,

Thomas Willingham's profile image
Thomas Willingham's profile image
Thomas Willingham
Pro Member
  • Investor
  • from Birmingham, AL
  • Member since Jul 13, 2020
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User Stats

32
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26
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Thomas Willingham's profile image
Thomas Willingham's profile image
Thomas Willingham
Pro Member
  • Investor
  • from Birmingham, AL
  • Member since Jul 13, 2020
Connect
Thomas Willingham
Pro Member
  • Investor
  • Birmingham, AL
26
Votes |
32
Posts
Buying & Selling Real Estate

Selling 1/2 of Partnership

Thomas Willingham
Pro Member
  • Investor
  • Birmingham, AL
Posted
So I own an occupied commercial building with a partner.  The building is in an LLC owned 50/50 with a partner.  I have somebody who wants to buy my half.  There is a loan on the property, but also quite a bit of equity.  How would the financing work because the bank is going to want to hold the first lien.  Partner is not going to want to take on additional debt.
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