I do not have any numbers on terms because I've done all that math and that cash flow works.  

Of course, the math is the same, but it will show a $ (dollar sign) instead of ZAR.

@Chris SoignierYour description of SE tax is on the right track conceptually, but the math will end up being slightly different.

I think a lot of people fail because they jump in too fast, think they are ready without doing their "homework" first, then start digging themselves out of a hole only to quit later.  

I knew from early on that "doing well in school to get a good job" wouldn't actually get me anywhere so rather than going to class or doing homework, I spent my time in highschool running "my first business" called Sebass' Brownies.

Yes, it is time consuming; and yes, you do take a risk of your application being turned down; but there are many steps you can take ahead of time to help ensure success.FIRST, before you even consider writing a grant, make sure you have on file the kinds of documents you'll need for most grant submissions: Mission statementBy-laws and articles of incorporationOrganizational chartOrganizational historyAudit or, if an audit is not required, a financial statementFavorable newspaper articles about your organizations, and other PR materialsSufficient copier paper, FedEx packages, binders, dividers, etc.Having these at the ready will make the writing process go much easier.SECOND, after you've done your homework and isolated a funding source to which you want to apply, READ THE APPLICATION CAREFULLY.

I'm a risk taker and math nerd by nature, though, I run the numbers on cost vs. exposure. 

He does his homework and finds out the recorded amount of a superior mortgage.  

I'm just now starting to do my homework into notes, so apologies for such a basic question.

The current assessed value of the former building is ~$4 million; the assessed value of the property you seem to be looking at is $1.3 million.Don't get me wrong, this is a beautiful building in a historic location, I would just be extra sure to make sure the math and the comparables work out in your favor.