Equity Sharing

[Dennis Johnson]

Good Afternoon Investors,

Need help analyzing this deal:

I have a multipurpose use facility that is wanting to be turned into a multi-plea gym and volleyball with retaiil stores in the front.  Have a couple of anchor tenants will to put there stores in (i.e...hibbets, gnc, subway as of now). 

The scenario three partners and one is wanting to be bought out of the partnership, the building needs to be renovated. Current appraisal is 4 million.  One individual wants to become that third partner but doesn't have the funds to do the buy out.  The current partners will allow the building to be refinanced after the construction is done.  

So the question would be could an equity partner be brought to achieve the buy out and then pay the investor after the the building is refinanced anyone care to chime in and give direction possibly.