If all these numbers are true, and they don't have any other assets, they should probably seriously consider some kind of financial restructure or a default, unless the bank is willing to take a $45K haircut.

So they restructured that and now Limitless is now a separate thing from that company, which is Done For You Real Estate.

I restructured a pending owner finance deal late last year on my attorney's advice.  

FYI...KCIG is shut down for restructuring right now.

Negotiations took a while due to a private lender backing out on me so we had to restructure the entire purchase and extend the closing date.

I'm restructuring some of my leases to increase cash flow on a per building basis.  

From the property owners perspective, they are foregoing the possibility of higher revenue in order to maintain a steady revenue stream from the agreed upon rent so there is not much incentive for them to restructure the contract to a profit sharing model if it means reduce revenue for them. 

Financing is always a factor, and we've had the best success lately with assuming in place loans and restructuring the terms following the turnaround of the asset.

In general acquiring and restructuring non performing notes is a BUSINESS, acquiring and servicing performing notes is an INVESTMENT.The difference becomes much clearer once your involved personally.You may want to do an assessment of your goals, available time, and knowledge as to decide if you wish to proceed on your own, to pay for mentoring/guidance, or to invest passively in a note fund.

Different rules apply to refinancing as costs can be covered by a note holder or originator, offering much better terms down the road at a very low cost usually motivates borrowers to refinance so a balloon is not really needed in many cases.What ever is done on the more creative side, it's clear that it needs to conform to prudent lending practices, be consumer oriented and compliant, but it's possible to do business, it just needs to be restructured from what has been done in the past.I'd say too, beware of gurus jumping on such ploys, don't even think of going there. :)