Owner wants to payoff seller-financed comm prop and...

[Roger Grubb]

I am a Realtor and represented the seller on a commercial property about 5 years ago. The seller offered seller financing of about $500K and now the owner wants to re-fi and give my client a lump sum.  My client offered financing in order to receive a regular monthly income in his retirement but this seems to have thrown a wrench in the gears. He's now worried about getting taxed in one lump sum.

Is there any way that my client can continue to receive the same monthly income without getting taxed in one lump?

Bigger Pockets people are so awesome!  ;)

Thank you,

Roger