Competent sponsor, capital call large enough to completely escape existing toxic loan with cash-in refinance to a lower-balance loan with a long maturity—good outcome possible, even probable, if there is no other “hot money” in the deal such as preferred equity or priority share classes.There are surely other nuances I’ve missed here, but this is a start. 

Is there a different though regarding chances of actually getting the property itself, if the redemption period always exists?

Outside of my insights from data, there are a few things I'd like to pop in here to hopefully take this conversation in a direction that helps us all learn from this and grow in our businesses together, elevate the industry together, find a path to co-exist where each business contributes to the overall industry growth... challenges the other to innovate and create fresh new solutions for customers to win big... and leads towards our industry getting stronger not weaker. 

Has anyone added a tenant to an existing lease?

Sell a property with an existing low interest mortgage utilizing a mortgage wrap.

In recently decades municipalities have passed lot minimums that render a huge number of the existing lots unbuildable, so they have had to accept grandfathering in a large number of the older lots.

 - Cashflow is ~2K/month and leverage is ~60% (equity being 40% of current value)Accumulation goals:In the next 2 years, our plan is to buy lots and have duplexes built by a builder we have existing relationship with that takes care of the whole process without too much of our involvement. - Buy 6 additional duplexes.

These "investments" were pure speculation driven by a set of economic conditions which no longer exist.

They have actually shut down new section 8 applicants for people who want to get on section 8 because there are so many existing renters who are looking for housing and so few landlords that want to do it.

Does anyone know if applying for 2 existing apartments on 2nd and  3rd floor with commercial space on ground floor in CMX4  zoning requires fire sprinkler system if no construction is needed?