No properties inside it yet, but currently using it as a flow-through for rents, banking, and expenses for my 4 units.

Assuming the bank will only want to loan up to 80% of the appraisal value, and that the appraisal comes in at 185, that gives me right around 20k to work with.

In regards to the appointment of trustees most banks will file a change or substitute a trustee notification if someone loan is in or going  into foreclosure.  

I wanted to see what other's are experiencing or thoughts around PrePayment Penalties on Commercial loans for Rental Real Estate.In the early days, I was just thrilled that any bank would lend me money.  

The bank from which the note was purchased is issuing a QCD via their foreclosing attorney, from them to our company since the Sheriff's Deed was issued in their name.  

As for financing, assuming you have a relationship with a Bank, it's fairly simple to get a pre-approval letter for financing.

Hope you enjoy your time here in the 'Ham.

I am currently in a Job that I do not really enjoy.

In terms of pros and cons, the clear pro is that you will be acting as the bank for the buyer.

The bank will require an additional inspection to assess any possible damage to the property.I have a client who is in escrow on a 4-plex.