All Forum Posts by: Paul Byers

I have a business and own the building where my business is. I want to sell my business outright and then lease the building to them. We want them to buy the business and stay at the building. The building is set up for this specific business and has great signage on a busy street. I would think that the person who bought it would see the value in staying put.

I am reducing the value of the business because I want to sell it quickly, but I want to keep the building occupied and making money on the rents.

How would I structure a deal that keeps them in the building?

How binding are these agreements for person who buys the business?

Thanks

Yes I'm staying in the building until I can sell the business and the building together. Yes my company has a lease with the owner(me). So small local banks are the way to go for this kind of transaction? I will look for a local commercial broker also. Any other ideas?

Thanks

Paul

I have a commercial property worth 26Ok (my business runs out of it) and I want to draw out 80K to invest in RE.

1) What are the best type lenders to work with(Recommendations please)?
2) My credit score is in the low 700s what type of interest rates are we looking at?
3) What would the upfront costs be?

Thanks

Paul