Structuring a Deal, chime in my friends.
Greetings everyone, I’m new to creative financing but I was able to negotiate a seller into agreeing to terms, he quickly bombarded me with his terms, correct me if I’m wrong but It seems they were set up heavily in his favor.
The ARV is about 280k-300k
He wants 225k
100k Downpayment
2 year balloon
10% interest
30 yr Amortization
How would a creative finance specialist make this deal work? And what would you counter with?