Sell? Refinance? or partner up with an investor?
I own a commercial property in one of Chicagos hottest neighborhoods. I've been trying to refinance and nobody will touch it because of my BK back in 2010 because of the crash. So now I have been forced to make some creative options for myself. What I am offering is for someone to get approved and pay off my balance of 399k and that would buy them 50% as an equity partner stake of the property. The building appraised at 825k, which is what I will be listing it on the market. I would rather keep it than sell it because over the years,but I will sell it if I have to. Would you take this deal?