Creative Financing for Owner Occupied (63%) Commercial Building

[Shreed Sista]

Hi All!!  Newbie here,

I'm currently 1 of 2 tenants in the building I'm interested in purchasing.  The owner is open to selling (not cash-strapped or anxious to sell necessarily), but with the potential sales price and current interest rates, I'm looking to see if there's some sort of Creative Financing option that would be beneficial enough for the owners to consider it.  Current situation is this:

	Monthly	Yearly
Tenant 1	$ 13,500.00	$ 162,000.00
Tenant 1 CAM	$ 6,397.61	$ 76,771.36
Tenant 2	$ 9,183.33	$ 110,199.96
Tenant 2 CAM	$ 3,701.27	$ 44,415.28
Income	$ 32,782.22	$ 393,386.60
Expenses	$26,893.34	$ 322,720.08
Cash Flow	$ 5,888.88	$ 70,666.52

This cash flows with the existing loan amount and rate in place.  However, it wouldn't cash flow and would require a rent raise of almost $20,000/month in order to break even with current value and interest rates.  So, how can I make a proposal to the owners for Creative Finance such as Loan Assumption (if this is even possible) so the numbers work for me?  Is there a situation where there's incentive for them that I can come to the table with?