Do to poor book keeping of the current owner. I’m in the early stages of a private individual financing a $500k buy of two locations. They are good with a 10% down payment. A fair monthly payment (probably in the $5k range).
My question is what is a fair interest rate to charge someone with excellent credit on a 15-20 year note?
What amount should a balloon payment be at the end of a 24-36 months payment history?
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