I’m a recent graduate of the New Jersey Institute of Technology with my B.S in Mechanical Engineering and I plan on continuing my education as a full-time graduate student pursuing a M.S. in Power and Energy Systems.

With letter of approval in hand, we are set for our loan, but then I discovered our HELOC is actually come due and I cannot use it for this deal...SO - first I think "I'll ask the bank to open another for $60,000.  

Underground storage tanks were discovered from 1980's.

I wish i discovered that back then because it is a good way to build capital for the buy and holds if done right.Looking forward to seeing your success.

I'm soo happy to have discovered this wonderful site!

I recently met him about a a month ago around the same time I discovered BP (cool coincidence).  

Most lenders stopped doing those in 2007 and never re-instituted the program.  

You'll need a bank that's willing to lend you this amount with you having "no skin in the game," but since you'll be acquiring a commercial loan and not a residential loan, seeing as that's how financial institutions classify investment mortgages, you shouldn't have any problem finding one who will (you'll just have to search).

They are also smaller, more nimble institutions as compared with the banks which are anything but.

As somebody else mentioned, that would have been a known factor before you bought, or at least it could have been discovered before buying.