Does anyone have experience with seller financing in past deals?

by a professional from University of Pennsylvania - The Wharton School

3 years ago

Hey searchers!

I'm doing research into the seller debt process. I'm interested in chatting with searchers or business owners who have used seller financing on deals in the past. I'm curious about the common terms, the process for servicing the seller debt and what, if any, additional underwriting was done on the buyer.

The context is that I'm interested in streamlining the issuing/servicing with a software product, if it's currently a pain for either sellers or buyers.

Thanks!
Will

4 likes
171 views
10 comments

searcher

Have only done a couple, but one was handled a little differently from what's been posted so far - servicing of the seller note was handled like a sales commission. It was over several years and there were high/low bounds. (High being a max based on the original sale price plus some incentive, low to protect their interest even if things went South.)

3 years ago | like reply | 0 likes

searcher from Harvard University - Harvard Business School

I was on the buy side with a fairly complicated seller note. Reach out if you want to connect.

3 years ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

What are market terms for Seller Notes?

Investor seeking Self-Funded Search Deals

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.