5 years ago your friend, John, purchased a small retail building downtown with a $70,000 NOI at a 7% cap rate. He financed the acquisition with a 75% LTV mortgage with a local bank a 5% on a 30-year schedule. You lent him $150,000 and took a second mortgage position at a 9% rate. John provided the rest of the equity from personal sources. The property was, and up until last year, occupied by a Book Store that paid $40,000 annually (triple net) and a coffee shop that paid $30,000 annually (triple net). Last year the Coffee Shoppe went out of business and stopped paying rent, the book store remains open and is paying rent. Two months later John stopped paying the first mortgage as well as your loan. Today John was presented with an opportunity to get a new tenant to take the coffee shop space and pay rent annually of $35,000 (triple net) but it would cost $25,000 for fit-out. He asked you to lend him the money for the fit-out. Would you do it and why?