Hello

I have a client who has sold her business to a guy. She sold it for 8.5 Million. The buyer put down 500K. So 8 M is still owed. She has been trying to sell it forom since December. It is a consulting business. The client starts his payments at the end of this year, 7% interest rate every year including accrued interst from this 1 year grace period. She is moving and has to sell it very very quickly because she is moving- so she is wanting to let it go at 4M. If anyone is interested, let me know.

NOTE BUYERS: If interested, PM me.

What's the Buyers "Credit" like? And what's the collateral backing the note????

You might want to know the repayment terms also as it seems only interest gets repaid.

Also the financials of the business as well as the borrower that is personally liable would be needed to assess the value.