You have the supply but making sure demand is healthy is always the other half of a business proposition.Sounds like your head is in the right place.

If I received a cash offer, I'd check to see if he has proof of funds attached, a healthy earnest money deposit, a quick close, and that there's not a lot of built-in escape clauses or terms that could cost me money.   

I see you are healthy in mind, body, and spirit - that's awesome.

Nobody gets in good shape by lifting a dumbbell or eating a healthy meal one time, ten times, or a hundred times.

She smiled and said "smart". 

(Smile).

Again, not always a bad thing, if your goal is a healthy cash on cash ROI.It sounds like you have a great plan in place, thanks for sharing!

You can go to regional and local banks and ask about unsecured lines of credit.Look into business lines of credit.Stagger the maturities of your private loans.Keep some HELOC capacity on your personal residence available.Make sure your investor understands how well their investment is performing, and encourage them to look to other cheaper avenues to raise the funds that they need.Encourage your investor to only invest a portion of their portfolio for illiquid asset like private loans, notes, and real estate equity, keeping a healthy percentage in marketable securities or other liquid assets.

That would be more than an 8 CAP with upside.I would try to structure it this way.70% 1st 5yr Fixed/30yr ammortization $1,400,000 @ 8% = $10,30015% 2nd 5yr Balloon $400,000 @ 10% (5+5)= $175010% Down $200,000DCR of 1.13 is on the riskier side, but if your fairly sure you can get the theatre going it would jump to a very healthy 1.47.You would have a cash flow of over $1500 per month with a potential to earn over $5000/month.The seller get 1.6M now for a property that is not selling, but still gets fair value.If you can get a lower price, all the better.Dominic EneaCommercial Agent

I appreciate all your help in advance and look forward to being an active BP member.Hope you all have a happy, healthy and successful new year (because I know I am!)