Subject property is a neighborhood tavern with attached apartment. Hole in the wall, actually.
Seller willing do short-term land contract. Buyer willing to put 10% down. Wondering how soon a commercial lender would let the buyer refinance this property into a mortgage of their own. Liq. License included. Building leased to operating bar and apartment is leased.
This deal is small peanuts but just wondering if anyone has dealt with something similiar.