You could see if a local credit union or community bank will give you $20K.  

It actually went to auction initially on the 8th but no bidders except the starting bid which I believe was the bank.

He had about 10+ units, and when I tell you he was making bank, he was making bank!

We refer folks to bank-type lenders regularly throughout the year when that make more sense for our clients. 

That $250k sitting in the bank with no chance of vacancy or capex could earn you $11,250/yr at 4.5%. 

The closing will be in 2-3 weeks - since no traditional bank financing in most cases - just like any other investor purchase.My broker knows full well what I am doing.

@Hank Bank where are you located?

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

I am surprised you found a bank willing to do this.

My though process in undercutting the bank by 1 % was to possibly attract qualified buyers.