Revamp business loan

[Darius Johnson]

Greetings All,

I received a business loan years ago to get an investment property for 86K.  This property is in need of lots of repair.  I have had offers from buyers for 30K & 35K.  I am thinking of considering offers.  I would like cash & closing within 30 days.  I want to revamp and find another property or pay off some debt from this 1st investment property.  Whatever the offers will be will not pay off the original business loan for this property.  I would still be responsible for the remaining balance on the loan.  I am interested in getting the property off my hands, a little cash in my pocket & paying on the remaining business loan (reinventing my business model).  Does this make sense?  I am open to suggestions.  I need help with presenting this to my banker that helped me get this business loan years ago.  My loan has went from 86K to 89K.