Seller Financing for a commercial property
I am seeking advice on Structuring a deal to sell my existing business as well as the commercial property where it reside. I am interested in seller financing, as I believe it will allow the buyer the greatest flexibility in continuing operations so as not to affect my employees During the transition. That being said, I have been involved in contract for deed deals in the past that were tragic for both buyer and seller. Any advice would be very welcome. My greatest worry is if they are unable to operate the business it Will come back to me but will be in ruins and my top priority is the lives of my employees.
1. Down payment
2. Terms/Interest
3. Balloon
4. Recourse
5. Resolutions of conflict or breech