Hospitable keeps all our guest communications, calendars, and property info perfectly organized, while ClickUp is our central hub for tracking every maintenance task — from minor touch-ups to larger projects — with clear timelines, assignees, and status updates.This combo gives us full visibility, reduces missed tasks, and allows our team to respond quickly when something comes up.

What would you project the profit?  

Full occupancy, no big repairs, rent projections that feel a little optimistic.

I then provide my projected ARV for the property.

also we probably can't get enough loan if it is solely based on debt/ incoming ration, usually does the bank approve loan based on projected rental income?  

We knew finishing construction would allow the borrower to have significant equity in the property so we worked with the borrower to get the project completed and fund the completion of the project.

@Samuel Nelsen in Cleveland where I have a team, we can get you into a great BRRRR project for $10k or less.

They track numbers closely and stay conservative with projections. 

The 20,000 or so other projects are centralized, unregistered securities. 

Property overview (high level): Stand-alone commercial buildingLarger and more functional interior layout than the prior locationFully built-out commercial kitchen (hood, suppression, bar, etc.)Adjacent outdoor patio space already set up for dining (big upside)Comes with all FF&E includedNo residential component — pure commercial use  Deal structure (seller carry): Purchase price written at $1.2M~$1.0M attributed to real estate~$200k attributed to FF&E (included in the sale) Seller financing on $900kBuyer cash in at closing: ~$275kInterest-only period initially (no balloon language currently in the contract)Target hold: 5 years, then refinance into a 25-year commercial loan  Business context: The restaurant historically did ~$950k/year in revenueWe are owner-operatorsConservative projections show the business can remain profitable even with slower $1k days mixed inGoal is consistency, margin cleanup, and NOI growth — not aggressive expansion  What I’m hoping to get feedback on: Does this structure make sense from a commercial real estate perspective?