I have a contract on a mixed use strip mall and ten upstairs apartments builder lost before completing. 22,400sf very nice construction, 8 apartments rented now, foreclosure, purchase price is $575,000, rehab $225,000, just got MAI appraisal back at $1,200,000 as is not ARV, I need this done quick. I have 30 years experience and live close to the property. I can buyout JV partner in 18-36 months. Title work is done, most all underwriting for loan was complete, broker and lender disagreed on loan terms. Upside is more than $1,200,000 million could be $2,000,000 profit in 36 months.