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Updated about 2 years ago,

User Stats

34
Posts
16
Votes
Briana Nasman
  • Investor
  • Seattle, WA
16
Votes |
34
Posts

Business/LLC and property sale structure

Briana Nasman
  • Investor
  • Seattle, WA
Posted

Hi!

I have a business that leases a property that I own in an LLC. I have someone wanting to buy the property and continue the business. They want to do 100k down and then have me finance the rest for a couple years. I owe debt on this and I'm pretty sure the bank won't let me do a wraparound because I personally guaranteed the loan when I bought the property (SBA loan). Is there a way to structure this that works for all parties? I was thinking about doing a lease to own sort of thing, where all her payments go towards her eventual actual purchase. But then should I add her to either op agreement? Should she just start her own LLC for the business for liability purposes, buy the business outright, and lease to own the property from me? I will definitely be talking to an attorney about this, I just want to get a baseline understanding of possibilities beforehand. Thanks!

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