Updated over 6 years ago on . Most recent reply
Note Experts - Advice Needed
I have a property that I sold owner financed in 2017. The buyer approached me about refinancing and I wanted to look at this as an opportunity to restructure the deal to make it more attractive if I want to one day sell the note.
The owner doesn’t have good credit, and I know that’s a big factor in how attractive the note can be in resale, but what other items can I incorporate into a new contract to make it attractive? I have * a few items below that I think changing could be quick wins. What else???
Current terms:
$42,999 loan amount
Zero down payment*
9.5% interest
96 month term
No early payoff penalty*