But highly recommend.

Still, we would love to open a place with a little bit of everything we love from each venue.It seems to be profitable but we’re not in a place where it makes sense for us (yet) because we’re focused on further building our rental portfolios to be able to comfortably afford the land, building, and equipment we need to operate at a high level.

Being quoted $1500 which seems high. 7.45% rate with 1 point charged. 

Due to high interest rate and almost $10k of property tax, we negative cash flow over $10k in 2023.

Or even riskier: a commercial balloon loan with a high interest rate and a personal guarantee that is due IN FULL after 5 years!

This especially true at high leverage (85% in your case). 

It is growing quickly and the need for housing is high.  

If you skip using a new loan, you avoid the costs of origination and high interest rates, It works well for our clients in Phoenix and in CA. 

Purchase price: $204,000,000 Cash invested: $60,000,000I worked for a Hong Kong public company & high-end luxury residential developer and helped to develop a $204 million condo project called "The Graystone" which is in Seattle's First Hill District.What made you interested in investing in this type of deal?

To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.