I have an interested party in my duplexes. I want to sell for Capitol to by a MHP. Potential buyer already owns 300 units in the area and has a very high net worth. He wants me to carry paper but numbers have not yet been discussed. Assuming a ltv ratio with 50% plus equity, a 5.5% interest rate and say a 5-8 year baloon, what type of offer should I expect on the note? Is 90% possible or is 80% more realistic?
Any experienced input is very appreciated