I need help structuring a project

[Joe Wortham]

Good morning BP,

I am looking for some advice or direction on how to structure a deal. I want to buy and develop a small commercial lot. The property has been listed for some time now. After a conversation with the sellers agent I believe there is interest to do a joint venture.

My plan is to use SBA 504 loan for the real estate purchase and development. However, the lender does require approximately 30% down. I believe I can get the seller to finance/ seller carry the 30%.

If I can achieve this 30% are there any suggestions on how to structure the next phase moving forward?

Much appreciated, thank you!