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Updated almost 2 years ago on . Most recent reply

Looking for attorney to draft a creative finance deal (Missouri)
Hello,
I am in the process of selling my home to a buyer via a wrap + seller-finance note and looking for an attorney to help on the paperwork.
The deal structure looks like this:
Sale Price: $450k
Down Payment: $50k cash
Current Mortgage: $300k DSCR @ 7%, the new buyer will take over this liability (first lien)
Seller-Finance Note: $100k @ 10% over 10 years (second lien)
Any recommendations would be greatly appreciated,
Thank you,
Mergim