Multi use commercial building and restaurant.
We are in the process of purchasing a commercial building with 3 retail bays and two apartments. We can pay cash for the building but will need capital for renovations and business start up costs. It currently has tenants in one bay and both apartments. I will have access to additional capital in January of 2028. Our plan is to continue to rent the other bays and build out two of them for a restaurant that we would operate. My ideal situation would be for a contracted loan of $300K to paid in full in January of 2028 with a pre agreed upon repayment amount. The income I will receive in January 2028 is guaranteed.
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