Posted by Harvey Carroll, Jr. on December 23, 1998 at 18:08:02:
Your explanation is a bit confusing.
I assume 40% 2nd
60% 1st Mtg.
=100% Total price.
? where is business investment comming from and will the business produce enough cash flows to pay off property???
I have seen simular deals where the property was purchased and a business built in to generate enough cash flow to pay everything to include the businesses own bills. I would get an option and crunch a lot of numbers, perhaps talk to SBA, do a good “realistic” business plan… Keep in mind a lot of businesses fail… don’t make any mistakes…