25 units opportunity

[Jayleen Soto]

I got a 25 units opportunity in PR. However, despite of myself being natural from there I have my doubts about financing a commercial property and finding the right partner. Actually I live in FL but my remote job allows me to move easily. 

This are the numbers:

25 units

Asking price 1.5M

I will offer 1M 

$11,780 monthly rent income

$13,000 annual expense

Yes, the expense ratio is low but it's because it's in the island where we do not have property tax, insurance is for liability around 2k a year and it's all concrete structures. 

What would be the best financing option?

I do not have the 25% for down payment.

I will offer 20k for 5 years of interest, refinance at year 5 to return the down and an additional 50k bonus.

Thanks in advance.