You will also need to give Bill your wiring instructions for your bank and work out any draw schedule.No offense, but this is not a good investment for Bill, the LTV is way to high and you have no skin in the game, i would not do this loan, but maybe Bill is more trusting, good luck.Rick

I'm concerned; however wether I'm being internally investigated thin skinned, from some of the bp modifiers who are in same field; me retail commercial.

I know you have to have a thick skin for real estate, but this is a mix between and spider and a worm..... the most disgusting things on the planet.How do I get rid of them?

Find out how much rent they are paying, then adjust the interest rate 4%, maybe more, so that you will sell them the property with little or no down (they will put in the Tenant Improvements at their cost/now invested and have SKIN IN THE GAME). 

Maybe the other comps support your opinion, so maybe you get $65k or $70k (appraisals do come in high, after all, but they always trend towards actual purchase prices).[ 5% + change ] skin in the game is insufficient equity for an investment property mortgage.You are of course free to get the ball rolling on a refinance and prove me wrong.

I think RealtyShares will want to see your skin in the game and won't see any if 80% is a bank loan and you are proposing RS be the other 20%.  

Anyone you deal with, not just a bank, will require that you not only have knowledge of hotels/apartment construction but also have significant financial skin in the game before they would work with you.I commend you for jumping into real estate but take a more logical and realistic approach at it.

Gotta get some skins on the wall first.

Again, it all depends on how involved you want to be.My motto, is if you want to be in this business, you need thick skin and deep pockets. 

However, you will need skin in the game.