There are several financial programs and products available in the marketplace that can assist individuals in a variety of sale situations. However, many are just one-sided. What if there was a more "all inclusive" approach to providing a solution that would benefit multiple parties (buyer and seller)? This is the question we asked ourselves and our answer is the 453 Commercial Loan.
This product provides the combination of tax deferral for sellers and a reduced loan rate for buyers, all in the same transactions. Buyers apply for a loan and go through normal underwriting requirements. Once approved, the buyer should get a rate below normal street rates. Sellers have the flexibility to take as much cash at closing, pay the required tax, and then receive the remaining proceeds as an on-going payment stream, now only paying tax as each payment is received. Plus, sellers earn a tax deferred rate of return on all monies not yet disbursed. A participating bank is used as the central intermediary to the transaction, acting as the lender to the buyer and payer to the seller.
To learn more about this new tool visit www.453loan.com
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