Office Hack Financing

[Andrew Tripp]

I think I know the answer to this already, but is there anything in the commercial real estate lending space that is equivalent to say a HUD 203(k) loan product? Something that would let an owner occupier acquire the asset and also finance some amount of rehab costs above the as is appraised value of the building?

On a related note, anyone out there ever done an office hack?  I'm looking at maybe doing something like this locally with a small office asset that is significantly undervalued but has some really good bones.   Would be interested in hearing from others on this experience.  Thanks in advance!