Creative financing ideas for a small commercial plaza..
I am manager/part owner of a pizza shop in Alliance Ohio. Our shop is located in a small plaza. The plaza is for sale for 223k. It has 5 long term tenants(us being one) and we are all on NNN leases. So far all I know is that it grosses 33,000 a year. The owner is open to some form of owner financing I believe. I have a good credit score but have never taken out a loan of any kind, and I also have little to no reported income for the last 8 months. I have $3,000 saved up, so clearly my options are very limited. I do have a business partner that would probably go in the deal with me to come up with the cash if needed, but I wanted to reach out to you awesome folks at BP and see what kind of options I can come up with using creative financing. How could I structure a deal?