Looking for Seller's Note language for an LOI

searcher profile

June 03, 2024

by a searcher from Tulane University - A. B. Freeman School of Business in New Orleans, LA, USA

Good morning and thank you in advance. Would anyone have language for a seller's note for an LOI they could send me?

My email is redacted

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commentor profile
Reply by a professional
in Crystal Bay, NV, USA
On several occasions I have suggested inserting language in an LOI or contract that is similar to that of artbitration, escrow or title insurance where those are applicable. Let me suggest the following language to professionalize your Buyers Offers, LOI's and Contracts. Addressing the #sellerfinancing upfront with a professional solution improves the chances of being accepted and lets the Seller know you take #sellerfinancing seriously###-###-#### Seller Financing Payment Processing - Clause The parties agree that all payments related to the seller financing note shall be processed through Zimple Operating Corporation (www.ZimpleMoney.com). The Seller shall provide payment instructions to the Buyer, and the Buyer shall make payments according to those instructions. ZimpleMoney.com will serve as the independent platform for managing and tracking these payments. All costs and fees shall be paid by Buyer and collected through the ZimpleMoney.com platform.


If you want to propose terms at this point in an LOI, you can add them###-###-#### Planning drives you success, Steve
commentor profile
Reply by a professional
from University of Michigan in Detroit, MI, USA
Hi ^redacted‌, the exact language you use will depend on the circumstances. The following is an example:

‌"$[__] payable in the form of a promissory note (the “Note”), which will bear interest at [__]% per annum and will have a term of [__] years. For the first two years of the term, the Note will be on full standby and no principal or interest shall be payable. The principal of the Note shall amortize over the remaining [__] years of the term. For the first two years of the term, Buyer shall make payments of interest only."

But there are a number of ways you can do it, as others on the thread have pointed out.

Let me know if you want to discuss your LOI in greater depth. Always happy to answer questions. Either DM me here or reach out at redacted
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