Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Business/LLC and property sale structure
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!