While the situation certainly tugs at my heart strings, if I were a hospital, or a creditor, or anyone else...would they simply say "no problem!

Swinging a lot of debt is not for the faint of heart and your plan will do the same thing in the same amount of time as someone using a no money down plan.

Have a heart, the guy lost his job and that's beyond his control. 

He has a heart of a teacher, which I look for in any person I work with. 

@Lincoln Decklever, This is an apples to oranges question that doesn't get at the heart. 

However, the exemption doesn’t apply if your building is a i) Professional office of a health care provide ii) Public transit station iii) Airport passenger terminal iv)Shopping center or mall ...

I'd have a heart to heart with your wife and see if you can find a way to make that work, even in a property that isn't ideal for you personally, but could make a great long term investment. 

If the borrower defaults, you will now have to get legal involved to foreclose on the asset.Its not for the faint of heart.

Do what you think in your heart is right! 

@Veronica Ivy your heart may be in a good place by wanting to be the person who gives people chances.