I'm considering raising capital for the acquisition on a self funded search. My question is if I were to raise capital on the acquisition is it possible for me to refinance down the road buying out equity investors? Basically replacing equity investors with debt in the future? Could I structure the offering such that as long as say the investors get a 25% IRR I can buy them out after a period of time? Anyone tried anything similar? Would it be too unattractive to investors? Any thoughts, references, suggestions, and or critical feedback is very much appreciated.