Considering A Partner Buy-out?
Buying out a partner can be complicated, even for seasoned commercial real estate investors. What makes it easier is to have a team of experts on hand that will help you through the process. These experts can include an accountant, a business attorney, and a commercial loan broker. Some things to consider before you approach your business partner:
Do you have the funds on hand or do you need to find financing? A cash-out commercial mortgage can be used for partner buy-outs so this is where a commercial loan broker like Simple Commercial Capital can help.
Think about what it is you want from the buy-out. Do you want more financial control or to take the business in a different direction?
Obtain an independent valuation of the business. Once you have a valuation, you and your business partner can work through the terms that benefit the both of you.
Have an attorney write up the buy and sell agreement. Not only is this a good idea for each party to have for legal purposes but it will also be needed in order to get approved for financing.
How To Get Started?
Simple Commercial Capital is here to help you navigate all of the requirements for partner buy-out financing. Look through the loan programs found at the top of our page. Each program has a brief description and loan parameters. If one of the loan programs fits your needs click the Apply Now button to start the application process or call us at 1-866-554-1120 to discuss your options in more detail. Our goal is to make this process as simple as possible for you.