My primary interest is in package deals that offer straightforward terms and quick closings.If you’re a wholesaler with deals that fit this description, please reach out.

Ian, I'm all about creating long term cash flow.  6 is more than 4. 

I am planning to keep the property long term.

There are a few ways to go about structuring the loan for you on favorable terms. 

They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

I would rent the extra room(s) similarly to a medium term rental property.

I apologize for the delay and I hope your deal went smoothly.William, the only way I see that being possible to get someone to lend is if you have very strong contingencies for the return of EMD that stretch the full term of the contract, as well as a personal guarantee on the loan amount. 

The term includes cooperative apartments, condominiums, and the like." 

Can you give more detail on what type of commercial loan you are looking for?

Who was I to stand in their way and try to prevent them leaving or enforce the terms of the lease?