Old Motel Conversation

[Nick Williams]

Looking for any help/advice. There is a old 1968, 37 unit motel for sale in my town for 650k. The borough assessment is 736k and when it was appraised in 2003 it was 725k. It is still in operation but is in very poor condition. I would like to rehab it into affordable housing. Dose anyone know of any grants, funding, or amazing loan hacks to get into this building for low money or ways to recapture the initial money invested relatively quick. I know this is a fairly vague but any help is greatly appreciated!