i wish i had a little more information. a sale with leaseback means that the seller sells you the real estate and agrees to a lease from you as owner on stated terms and for specific dollars per month. such an arrangement will probably help you secure the loan because you have a tenant willing to pay you right off the bat. you'd show that lease offer to the lender.
so then, if i follow your lead, i'd say that what you mean is that you get a loan from a bank in order to lease back land that you sell. so, you own the vacant land now. you sell it to ms. x. ms. x pays you y number of dollars at the closing. you put it into your sales contract that you are selling the land to ms. x, but that you yourself will lease back the land. for what, i don't know.
if i am incorrect based on your information provided, please let me know.
else, feel free to write to me at my stated email address and give me more clarified information so i can give you a better answer.
2006-12-05 15:29:35
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answer #1
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answered by Louiegirl_Chicago 5
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