., can lead to returns far above the risk related thresh hold.Since we are unable to find a satisfactory number of commercial notes we can buy at a large discount and restructure, we have done some creative type investments.

Idea would be to restructure terms and give a 2 year extension of I/O payments for the borrower in hopes he could secure financing.

In the commercial mortgage space we have found that NPN investments can be divided between(1) purchasing NPNs in which we’ve had no or minimal contact with the borrower, and(2) purchasing NPNs in which we’ve worked out details of a restructuring with the borrower prior to purchasing the noteAlthough the following is in no way a scientific, statistically verifiable conclusion, here is what we’ve concluded through empirical evidence1 - purchase discounts from UPB do not differ either way2 - having borrower agreement before note purchase results in much greater chance of creating a reperforming note3 - having borrower agreement before note purchase results in much less chance of having to foreclose4 - having borrower agreement before note purchase results in borrower seeing us as an ally not as an enemyAside from 1 above, the results are exactly what you’d expect.

Benefits to invest in his business for some growth capital. new equipment purchase, and consolidation/restructuring of existing debt.I dont have any financial experience in regards to a business, and  just based on his explanation, something doesn't make sense with his income-debt(i dont know what exactly which is why i am here) My question is : " where is a good simple resource i can use to help me make sense of his books?"

Rental occupancy in the city is 99.5% and rents are steadily increasing.I have a 625k 30 yr VA loan @ 4.25% with zero down and zero funding fee.I am selling a rental property with 300k equity which I will put toward the new property via 1031exchange and restructure the loan @ 4% either before or shortly after the deal closes.  

I need to restructure everything or rewrite contracts and get them to sign

They owe $95k on 1st MTG and another $25k on a 2nd that was placed on the property when they went through a debt re-structuring program.

Some very big ORegon names had to totally restructure..

Why put yourself in a predicament where you are going to have to restructure your investment some time later in the future? 

Are you planning on restructuring the existing layout into a more open functional space to add value?