I do not want this happen going again.For those who have opened business checking accounts in recent years how do I describe what I do without using "REDFLAG WORDS" even though I am a REI ?

I do not want this happen going again.For those who have opened business checking accounts in recent years how do I describe what I do without using "REDFLAG WORDS" even though I am a REI ?

Promissory note has no balloon described.

The DVR that the kind of camera system I am referring to records to is small and can be locked in a basement inside a steel wall safe or dropbox in the laundry room you describe.

(That question needs to be answered for whomever might have a financial interest in your Facility, see #4 above)Again, high level, but that's the best way to describe it in layman's terms. 

I would collect the data for all these factors you described above, narrow down the list to a few then speak to a few real estate agents and property managers in the area. 

If this is Non-Owner occupied, then what you are describing is Hard Money.

That said, when underwriting the LOC itself, my experience matches what @Daniel B. describes, which is the underwriter only approving the LOC if DTI can support a 100% draw of the potential line.  

The terms that you describe sound likely to be a non-recourse loan but you should clarify with your lender. 

He could just be paid out his percentage of profits as a part owner for doing his duties as described in their partnership agreement.