Posted by ray@lcorn on December 09, 1999 at 23:39:09:
I assume this is the same deal that you proposed the bar for in the post below. I wouldn’t do a bar/restaurant deal for any amount of money, but that’s just me. In fact, I don’t even like to hear my name and the word “restaurant” in the same sentence. You can probably guess that I had a bad experience once upon a time.
Neither would I want to take on a partner in the building unless I was close to losing the property. I would concentrate on getting the guy and his wife in the building as tenants. If not him, then someone else. You can take a strong lease and finance the tenant improvements. Not knowing any more about the building, neighborhood or the market, that is about as far as I can go.