Commercial property with owner financing and balloon.

[Bradley Miller]

Hi all, here is my situation.  I found a deal that seems to be a home run for me. However I need a little help ironing out the details.

Attached is the financials.

The owner is offering owner financing with 10% down and a balloon in three years.  

My questions are these: How exactly does the balloon payment work?

Does my 10% down recognized by the bank when I finance this with a bank in three years?

This is a commercial piece so what am I expected to put down at the finance process in three years?

Purchase price is 300000.

30k down with a 40k rehab will be valued at 400+

Net cash flow is 2400/mth