I have a borrower that owns a successful business and presently leases their the property they occupy. They have an opportunity to purchase the property they occupy subject to a land lease to the existing owner. The property will be purchased for $500,000 and will be subject to a long term land lease requiring monthly payments of $400. Borrowers have excellent credit.

Is their a lender that will finance commercial real estate secured by a leasehold mortgage? Is an SBA loan an option here? Will the lender require any agreements with the land owner?