Master Lease Agreement - Loan Exit Strategy Advice.

[James C.]

All,

I am considering doing some MLA's on under performing commercial properties, mostly multi-family buildings, >10 units.

Is it possible to get a loan on a property for which I have a MLA, and have been operating successfully for over 12 months? 

I am assuming that the current value of the building will be greater than 80% of the loan, and I would not be looking to take cash out. I would prefer no personal guarantees, but that would be flexible.

How would you suggest going about getting the loan? What types of loans might be available for this? Would there be any modifications to the MLA that would help (i.e. getting added to the DOT)?

Anything I have not asked or considered that I should?

Thanks,

Jim