New investor with no experience and small commercial loan.
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[{"id": "gkmj5sx", "text": "Is the restaurant yours? The numbers certainly would work but I think a lender might want to see some operational history if it\u2019s yours. Who have you reached out to for financing?", "replies": [], "depth": 1}, {"id": "gkn2udr", "text": "I\u2019d look into various SBA loan options first to see if your business plan meets SBA criteria. That\u2019s your best option.\n\nThis is considered a business loan secured by real estate, not a CRE loan, since repayment of the loan is dependent on your future business income versus a lease to a tenant. The loan will be underwritten based on the value of the property and your projections for future business income.", "replies": [], "depth": 1}, {"id": "gknojr6", "text": "I would not suggest investing in a REIT. Look for syndicators, they\u2019ll give you the ability to be apart of a deal so that you can have \u201cexperience\u201d. You\u2019ll have to look hard for 506(b) opportunities. Feel free to DM if you have any questions", "replies": [], "depth": 1}, {"id": "gknpfos", "text": "Why would you do this? Seems like a disaster waiting to happen.", "replies": [], "depth": 1}, {"id": "gknv4y2", "text": "Don't let others rain on your parade. I suggest googling \"Community Development Corporation near me\". Every Small Business Administration (SBA) must ultimately go through a CDC which effectively are private sector administration arms of the SBA. Reach out to the CDC and tell them about your goals and see what they will require to fund such a venture. Typically they require 10% down, but they may want more of a down payment because of lack of experience. I am assuming you must have some sort restaurant experience and did not just wake up yesterday thinking that you want to be in the restaurant business. The CDC has a mission of helping people get into business. They will provide you with a certain amount of guidance. Wishing you much success.", "replies": [], "depth": 1}]