Actually I almost spit my coffee out this morning as there is a guru in the "pick what I am selling today space" who claims to make close to six figures a year in passive income and was saying they made their money from investing in notes - and I saw them make a post today that "this is the reason I no longer do notes" in another thread.

That can be both a positive or a negative depending on the opportunity cost of the monthly fee and % of commission they take on every sale vs the opportunity and tools that are given to you.On the other hand smaller local shops can be more flexible when it comes to the terms of full time sales agents vs part time agents.

We just acquired a fairly new shopping center in Florida.

My original thought was to fill in the gulley and build a warehouse structure on it to rent out as either an auto shop or larger storage type facility.

What began as a very soft Spring STR shopping season crescendoed with Memorial Day weekend resulting in prime active listings going pending within just a few days and several with multiple offers. 

I would shop around, maybe the LO you're dealing with is inexperienced and is mis communicating or they may just have odd lending practices?  

Happy to have a call or meet for coffee, could show you the property if that would be helpful in your learning.

You may want to shop around. 

The first floor is a commercial space housing a pizza shop that grosses $800k annually.

Not sure it makes a ton of sense to use a broker here and pay 1.25% since you are already on BiggerPockets and can shop directly for lenders here!