Commercial real estate finance advice

[John H.]

OK guys so here’s the scoop.

I currently have a piece of real estate which Which I sold on a land contract in 2015 for 825,000. The property is still in my name and I have no mortgage. I received 82,500

I financed it for 48 months at 5.5% interest. I am due the remaining balance This coming December.

The seller has always been on time with payment. He has approached mean to possibly work out a Nother deal where I still hold a note for the remaining balance.

Looking for some ideas and thoughts on terms I might put forth? I also may just go ahead and call the note due and have him get financing to pay me off in full.

Love to hear whatyou guys think!