Madison Ivy is the owner of two separate buildings which consist of 2 Italian restaurants and 9 residential units on West 46th Street, in Manhattan, New York. She has been experiencing financial hardship and is considering a loan in order to pay for the unpaid real estate taxes assessed on the property. She also needs the loan in order to make repairs inside the restaurants as the buildings are older and need minor updates.

You are the Commercial Mortgage Broker that Madison Ivy has found to give her the loan. Assess the following:

(a)State the types of loans that Madison Ivy would be qualified for and your reasons why;

(b)State the pros and cons to each type of loan that you are recommending; and

(c)Explain any other recommendations you may have for Madison Ivy to improve her net operating income (aka "NOI") in order for her to receive a better interest rate either now, or in the future, regarding these two properties.