@John Jacobs I require my borrowers to have policies that cover replacement cost. 

(larger would require fire sprinklers). 

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).  

You'll need more capital and most will require a personal guarantee and personal financial backing. 

They're safer, easier to use, and require less maintenance than wood-burning fireplaces. 

Hi Yael, I can connect you with an agent that meets all your requirements.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.

Keep in mind it is a risk and speculation, if something happens(market tanks, job loss, etc) then you will be out money.