Seller financing on Commercial Property

[Stephen Loguidice]

Hi,

Working on a commercial deal (2 store fronts) where the the seller willing to hold the note with 40-50% down.  Working with a partner and neither of us have ever done seller financing before so looking for any recommendations on what terms I should be asking for.  We'd like to do interest only to maximize cash flow as we'd plan to pay it off at some point in the next few years.  

Thanks for the help.

-S