Property description: National brand auto repair franchise locations (2 locations are multi-tenant) that have been in business and profitable for nearly 15 years.

In addition to losing your deposit, you may possibly be sued to either perform or for damages.

So something is fishy.When finding a lender, its not about the brand/company as much as it is the loan officer. 

Questions like this are exactly why you should have an experienced agent representing you and watching out for your interests.A title search performed by a title company or real estate law firm determines the vested owner, the liens or other judgements on the property, the loans on the property and the property taxes due.

If he doesn't perform it's a lot easier for the PM company to let him go than you. 

As a new agent I know it's important to start building my brand. 

Lenders (goog ones at least) base their approval for a short payoff based on upb AND will even go  below that amount if the loan performed long enough at a decent %.In this case it seems that $280,000k is the unpaid principal amount, a round number like that tells me this might be an interest only loan?

If you are confident in the performance of the property then if possible pay cash.

@Robert Carnie AND if you decide you're pursuing the large multifamily/syndication route if you want a quick list of getting a brand established and reaching out to family friends for capital raising, let me know - Happy to help! 

Thank you,Carla Brand