Countrywife, you may well be correct--I just went back and read the original post and it did say that they were getting a loan, not that they had one.
If this is the case, they they need to read all the covenants very carefully to determine whether they are a deal breaker or not. Contacting the other three owners and seeing how they perceive the covenants and their willingness to make changes (or not) would allow them to gage whether that is an available option.
If this is the case, they they need to read all the covenants very carefully to determine whether they are a deal breaker or not. Contacting the other three owners and seeing how they perceive the covenants and their willingness to make changes (or not) would allow them to gage whether that is an available option.