RAK, you're certainly correct regarding the possibility of financing the building conventionally. However, if the property can easily be converted to other uses and there is a market for those uses in the area, then I could see a hard money lender giving a very low loan to value loan, say, 30%, with a fat interest reserve. Of course, we wouldn't be talking about 4.375%, LOL, maybe 9 to 12%. Could be worth it, depending; on the other hand, it seems a bit slimy and reeks of desperation, something unbecoming for Al.