Small amount of debt financing?

professional profile

August 22, 2024

by a professional in Salt Lake City, UT, USA

Anyone have any suggestions to get 100k quickly? I have negotiated a massive amount of seller financing, but need about $100k for a down payment on a $3M purchase price. The balance will be seller financed over 30 years with a 4.5% interest rate (balloon payments available). Business nets around 800k per year. I will also be putting in about 50k of my own cash ($150k total down payment)

I thought about a personal loan, but my W2 income isn’t really enough for that.

Not really looking to give up any equity, but would pay solid interest rate.

Thanks!

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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
^redacted‌ ^redacted‌ thank you for the tag. Unfortunately if it is money for a down payment, I really do not see anyone lending that. You really need to find an equity investor. Sorry.
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Reply by a professional
from University of Michigan in Detroit, MI, USA
^redacted‌, I don't know if this is something you can help with, but tagging you just in case.
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