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32
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26
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Thomas Willingham
  • Investor
  • Birmingham, AL
26
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32
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Selling 1/2 of Partnership

Thomas Willingham
  • Investor
  • Birmingham, AL
Posted
So I own an occupied commercial building with a partner.  The building is in an LLC owned 50/50 with a partner.  I have somebody who wants to buy my half.  There is a loan on the property, but also quite a bit of equity.  How would the financing work because the bank is going to want to hold the first lien.  Partner is not going to want to take on additional debt.
  • Thomas Willingham
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