Refinance problems for thriving Portland event center

[Dennis Adams]

Business is starting to boom at Alberta Abbey in NE Portland.  We're signing long-term agreements with established performing arts groups.  Our renovations recently concluded with the completion of our new bridal suite.  Our full-time tenants in the building are enthusiastic to be part of a vision that has become reality...

But our efforts to refinance have come up empty.  We've gotten close with lenders of all types, but our unique business model and short operating history have always derailed us in the end.  We are on our second extension with the current note holder and they just want their money.

There's no more time to begin yet another long loan process.  We fear any hint of foreclosure or bankruptcy, believing that either one would destroy our bookings and reputation.  It's frustrating because we have never missed a payment, have about $1.7M in asset value, have about $7k per month in free cash flow, and everything is on the rise.

I would like to hear from anyone who has advice about how to get out of this tight spot.