Structuring Commercial Deal
I am in negotitaion with a seller of a 30 unit complex.
I am trying to figure out if there is a way to purchase this property in the following manner:
The current owner holds property in LLC 100% single owner.
I have my own LLC single owner 100%
is there some way to buy into the sellers LLC and then buy him out in order to avoid having to get a new loan?
I am thinking that after we become 50/50 we can refinance (instead of a purchase) and use the proceeds to buy him out of the LLC.
any help and input would be appreciated.
I am trying to figure out if there is a way to purchase this property in the following manner:
The current owner holds property in LLC 100% single owner.
I have my own LLC single owner 100%
is there some way to buy into the sellers LLC and then buy him out in order to avoid having to get a new loan?
I am thinking that after we become 50/50 we can refinance (instead of a purchase) and use the proceeds to buy him out of the LLC.
any help and input would be appreciated.
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