Can you do owner finance if you have a commercial loan?

[Rolando Pena]

I have a buyer that wants to purchase my 14 unit apartment complex with owner finance, I currently have a commercial loan on it, so I do not know if that is possible. I currently owe 480k and they offered me 615k with 90,000 down and a 5 year amortization.

[Peter Nikic]

you can't do owner financing unless you pay off the loan from your own pocket first.

check with bank to see if mortage is assumable. otherwise this won't work.