My assumption was that if, let's say, the structure burnt down, the property's insurance would then pay me out FIRST as the lender and NOT issue a check in both the Lender's and Property Owner's name.

A tenant may only be evicted on this basis if the property is being demolished or if renovations will a) substantially modify or replace a structural, plumbing, electrical, or mechanical system, and require permits, or b) remove unsafe materials, such as lead paint, mold, or asbestos, from the unit.

The proper timing and structure of that loan are unclear from the information in your scenario.

Also, when you do get a “quick no,” is it more often due to the borrower’s experience, the structure of the deal, or other factors?

This counsel is not necessarily the lawyer who does your closings--look for expertise in company structure and litigation all with knowledge focused on real estate or development.  

It can reflect sales, transfers between companies, or changes in ownership structure.

This is a home with ~$500k value on the structure alone (land value backed out), so the study costs were worth it for us.

Start by simply checking for water stains on the ceiling, which can indicate whether the roof is structurally sound.Many mobile homes have rolled metal roofs that can crack and rust over time.

I want to propose an owner finance deal but I need ideas for a win/win structure.

The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.