I'm prepping an LOI for a property services business. $1.8MM asking price, $650K SDE. Suggested offer by broker includes 10% seller financing (which feels like it's on the low side of normal) at 12% interest rate (which feels high) for 5 years.
Does anyone have an opinion on current market ranges for seller financing? Interest rates, % of deal, term, or anything else.
What are normal market rates for seller financing?
by a searcher from University of Virginia-Darden - Darden School of Business
More on Searchfunder
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.
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.
260 views
18 comments
Sign in to see all replies.
Create an account.