If you use debt to buy the real estate the IRA will incur UBIT so educate yourself on that. 

Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

I have some previous business debts to payoff, so once all the dust has settled with realtor commissions and other closing costs, I'd have roughly $400k-500k of cash at my disposal.  

Van Gundy’s bankruptcy is dismissed, then the multiple lawsuits pending against her can proceed in the various courts and she will not receive a discharge on her debts,” said San Antonio lawyer David Jed Williams, who represents a group that sued her and her company.The trustee wants the bankruptcy dismissed “without prejudice,” meaning Van Gundy could refile the case.

So in your example, buying a trackhoe might grow your business or create greater profit by eliminating some outside costs, or letting you take on bigger projects, or speeding up existing projects, etc (just an example).

He has another $50k in assets and $325k in investments and no debt.

The Feds won't be able to increase the Interest rate, because the US debt level has gotten so high and banks are still under stress with low prior loan rates, but high interest costs.

That’s why I alway recommend Jimmy Napier’s “invest in debt” book.  

This eliminates the requirement for a new down payment since you are refinancing the existing debt.Lenders typically require:A copy of the owner-financing agreement.Proof of on-time payments (6–12 months).What to Do:Find lenders that offer rate-and-term refinancing for owner-financed properties (portfolio lenders and DSCR lenders often do this).Maintain a clean payment history.” 

Non-profit or not, it will be UW as a business...the non-profit designation doesn't eliminate the lending review, just makes the proceeds non-taxable in order to be put to charitable use.