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Updated almost 10 years ago on . Most recent reply

User Stats

34
Posts
6
Votes
Shaun Anderson
  • Regina, Saskatchewan
6
Votes |
34
Posts

How do I structure this partially seller financed multifamily?

Shaun Anderson
  • Regina, Saskatchewan
Posted

Have a commercial property I am ready to offer on asap here, will be seller financed for 20% and I have no experience in this so not sure how to set up the contract for the seller portion. Details are they will hold 20% but only for 5 years max. so with that short a term do I offer interest only payments to them and then just refi and payout the balance at the end of the 5 years? Or what would other options be? I need to figure this out asap so would appreciate prompt feedback. Would prefer an email or pm, email is in my profile. 

Thanks guys!!

Shaun

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