Financing A Note For A Bprivate Company
Someone has an itnerest in buying one of my investment properties through thier llc and Corporation. They have the down payment and al lthat good stuff it would actually be a good deal if it could work.
How do I go about structuring a note for this and I would like to sell this note soon after the deal is completed. Who do I sell this note how do you discount? and what so ever else?
The individual note buyer will determine the discount. Get several quotes.
The discount depends on the note position, seasoning (there will be none if you are selling it right away), interest rate, buyer credit, etc.
so including a 5 year balloon could not hurt.
Quote:
On 2006-12-17 11:09, apexnotes wrote:
I unless they are personally guaranteed
What does that mean? By who, the note holder or the homebuyer?
To clarify:
Personally guaranteed by the payor on the note.
Sorry for the confusion.
Quote:
On 2006-12-16 15:38, joewo wrote:
so including a 5 year balloon could not hurt.
a balloon would actually help make the note more marketable. because of the time value of money.