Help on Deal Analysis & Financing structure

[John Casper]

I am a commercial broker in NYC and constantly source deals that are great for other investors. I have finally found a property I believe is a great deal, provided I do some creative financing... this is where I need the help/advice. (New position in my 1st year)

The Deal:
6 story mixed-use walk up. $3mil

Cellar, GF & 1st Flr: Rented until 2020 - 9k/month (5% yrly escalation) 108k annual

2flr - 3rd flr: Rent comps show I can pull in tenants at $6,870 /mo $82,440 annual

4th and 5th Flr - owner occupied 2bdrm and I am renting out 1 room to a friend for 1k - market rent is ~1.5k.

Financials:

ROI: 190,440
Expenses: 19,950

NOI: 170,490

Price: 3,000,000
Cap: 5.6%

Reason why I like this deal - Great property in an amazing location - RE tends to appreciate by 7-9% annually and a high demand renter market (close to 6 diff universities including NYU) Space for me to live is a duplex that I can share with a friend =)

So because of the equity appreciation, I would not mind if I can buy this with even a few hundred dollar monthly spread. I have 100k I can out into the deal and I could potentially source an additional 300k-400k. The rest would have to come from a hard money lender.

Ideas? very unsophisticated with how hard money lenders structure terms/ flex in structuring.