Creative Deal - Would you take this deal?

[Account Closed]

I own a commercial property in one of Chicagos hottest neighborhoods. I've been trying to refinance and nobody will touch it because of my BK back in 2010 because of the crash. So now I have been forced to make some creative options for myself. What I am offering is for someone to get approved and pay off my balance of 399k and that would buy them 50% as an equity partner stake of the property. The building appraised at 825k, which is what I will be listing it on the market. I would rather keep it than sell it because over the years,but I will sell it if I have to. Would you take this deal?

[Jeff Rabinowitz]

If I understand correctly, you are seeking someone with good credit to become your partner because you have poor credit. You are offering only half of the appraised value of the building as security. After adding in the expenses associated with obtaining the loan there is very little spread. Most people with good credit would be able to find far less risky propositions. I do not see a deal here.