its a way for him to get out cheaper. he owes 525k but can buy out for 100k less.
my worry is that he has a few mom and pop shops in there that go bankrupt and cycle out every year and not making too much and the loan falls down.
also trying to figure out, if you make more money on the plaza, does anyone providing you the cash have a part in this or are you looking for a purely private loan? what about someone fronting the cash and taking percentages of the rent as payment back each month?