Can't give you a blanket answer, it depends on the persons credit worthyness, is this residential or commercial, will the 100K installment loan be a first or second position? The buyer claims to have the ability to cancel the loan in 12 months, that's a big payment if it includes the P. If you want to cash out completely, I may be interested giving your buyer a mortgage or just buying the note from you.
Sounds good topically, good luck with it. Nelson C.
Jan 13, 2010