Got a friend trying to sell a struggling lodge with $2M debt on a $4M property. With high interest rates, buyers are strapped. How to bridge the gap? Creative financing.1. Buyer gets $2M loan at 6.5%, seller finances the rest at 4%. Good for buyer, less so for seller.2. Buyer gets $2M loan, puts $1M down, seller finances $1M at 4%. Better balance for both.3. Buyer gets $2M loan, puts $400K down, seller finances $1.6M at 4%. Decent deal for both.4. Contract for deed. Buyer runs the lodge,...
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