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Updated 6 months ago,
What interest rate for 10% Note
I'm selling a commercial property in NH.
What's a reasonable interest rate? They've suggested 6%. Seems SUPER low. I would think that 9% is reasonable.
Your thoughts?
Purchase Price:
- Total: $1,985,000.
- Deposit: $10,000 (First Deposit) within 3 days, additional $30,000 (Second Deposit) within 30 days.
- Seller Financing: $297,750 (15%), 5-year term, 20-year amortization, 6% interest.
- Balance: $1,647,250 to be paid at closing.