Now there are many things one can do in this situation it just depends on how detailed you want to get into it.

The legal details are more or less the same.1st loan secured by either a mortgage or trust deed.Seller financing providing a second loan and secured by the property.I will let the mortgage brokers spell out the financing details (rates and terms).Be very careful with commercial.

Let me see if I can find his contact details.

I expect your company and your personal details support the lower amount so the banks are willing to sign up.Build a track record with the lower amounts. 1 to 2 years later you can grow the lines if you can show a good case.John Corey

Not too far, Can you get me more details on the meeting?

When you do, come back and let us know more details.

If you need more details let me know.

Nick,:welcome: to BP.Thanks for sharing all the detail.

Thanks you, John Can you give us the details as where you stand with the loan?

To really contribute here, I think my best bet is to try to remember:a) Not everyone knows what I know-- no matter how basic-- and to try to share detailed information on what I've done as time permits and,b) Remember that it's not just about the nuts and bolts and the how-to, but about keeping the right attitude, and bearing in mind that my own unique way of looking at something and my own attitude and approach to life may be as big an eye-opener to another person as all the specific techniques, and strategies I use.Thanks for your time and have a wonderful biggerpockets dayDitto :beer: