Credit markets are forecasted to continue to be tight through 2010. As a result, financing commercial and industrial real estate deals will be tough. We likely will not see what were considered to be conventional terms for real estate deals for some time, so why not consider seller financing if waiting out the market is not feasible?
Why do a Seller-financed deal?
Even credit-worthy buyers are unable to get financing in this market, so Seller financing makes sense if you have a Buyer that can give you satisfactory security and acceptable rate of return. Seller-financed deals are more flexible because you are not dealing with a financial institution's standards for interest rates, maturity dates, and so forth, although the deal will still have to comply with applicable laws regarding caps on interest rates, unconscionable provisions and so forth. In addition, because a lending institution is not involved, a Seller-financed deal may move more quickly.
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- Indy Business Broker
- Noblesville, Indiana
- With over 16 years of business ownership, management and sales, Dave understands the needs of both buyers and sellers in confidential business transactions. As a former owner of a mortgage company, he also brings a unique perspective of the financing aspect of deal making. Since joining Sunbelt in 2004, Dave has represented a variety of companies in such industries as service, distribution and manufacturing. Dave has a reputation for successful transactions and consistently receives compliments from both buyers and sellers for his diligent work and adding tremendous value to the transaction process. In 2010, Dave successfully completed the necessary courses and requirements to be designated a Certified Mainstreet Business Broker (CMSBB). Dave’s education and experience includes: Indiana State University (Business Management), Indiana State (Securities Division) and Mortgage Brokers License (8 years). In his spare time, Dave and his family: Angela, Jayden (14) and Kade (12) enjoy family vacations and traveling, sporting activities and their local church. Contact Dave at 317.218.8626 or cell at 317.508.6690 dgorman@sunbeltindiana.com
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