My current hard money interest-only loan ends in May 2025.To bridge the gap until refinancing, I am considering a short-term private loan (non-hard money or traditional due to the title issue) to satisfy the current debt.

Really my question is, what’s a long term structure that makes sense for both sides?

We went into to the banks main office on Xmas eve 2009 thinking that we were there to renegotiate the terms of our renewal.

It is tough in virtually every large city to purchase at high LTV and in the near term be cash neutral with conservative underwriting.  

The DOS has a very short time period to cure.The guy who bought sub to, no longer owns the property.

This struggle continued until we discovered Sewer Cleaning Company.Their approach to working with management companies has been nothing short of remarkable.

Be sure to thoroughly review the contract to ensure you understand all the terms.

Short of that, he transferred the property in violation of the promissory not so, the lender could accelerate the loan and declare the full balance due and payable.If your grandfather and notary didn't sign the quitclaim, you don't have one so, umm...have them sign it and record it.

If you are building a longer term CAPEX reserve, then consider a few strategies... 1.

If you elect not to proceed you can pass your seller my number.Because of the thin economics in the beginning I would tell him you agree to the 20 year term but want the loan amortized over 30 or 40 years.