Building owner retring and selling, I want to buy the building

[Zheath Sanchez]

I wanted to see if anyone out there could point me in the right direction. I have some experience purchasing residential real estate, but none in the commercial space. My father has been in the bar business for 25  years. He has been running his current bar for about the past 8. The buidling's owner is in his 80s and wants to sell off his assests.  Per the lease agreement, we have rights to purchase the building. The sellers would like to close this deal as soon as possible. The bar is located in the Central Valley of California, so we are not talking about millions here.  Maybe around 200k or so plus closing cost. We are buying directly from the owner and not using agents. Who should I get to structure the purchase agreement? Should I use a Real Estate Attorney?  What other options do I have? As far as financing goes, what is the best way to go? The way I see it, my options are a hard money loan.  How much money down do Hard money lenders require? I can pull equity lines against my current properties, and then there is an SBA loan. Are there any other options? Any feed back would be greatly appreciated.