Seller Note Documentation

by an member from Massachusetts Institute of Technology - MIT Sloan School of Management

Jun 14,2022

Does anyone have a redacted legal document they’d be willing to share from a deal that was structured with seller debt financing?

Thanks in advance to the amazing Searchfunder community for your help on this!

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3 comments

member from Massachusetts Institute of Technology - MIT Sloan School of Management

Thanks, Andrew. I appreciate it!

06/15/2022 | like reply | 0 likes

searcher from Western Michigan University

I might be underthinking this but I don't believe there is much magic in the documentation of a transaction that is 100% seller financed. Your purchase agreement will state that the purchase price will be delivered through a promissory note (instead of delivering cash at close) and then you will have a standard promissory note with the seller. There isn't a lot of difference between the documents for a seller financed deal and a deal you pay all cash at the closing.

06/14/2022 | like reply | 1 like

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