In need of mortgage broker!

[Simon Wold]

Hello BP-

I am looking at buying under market value multifamily buildings in Tucson, AZ that I can perform a value add on. The goal would be to keep my acquisition cost + repair cost = 70% of ARV so I can perform a cash-out refi when the property becomes seasoned.

I need a broker to go over loan options they would recommend for this strategy. Preferably a company that can supply an option that would wrap construction costs into the loan.

Thanks!

Simon

[Phillip Dade]

Simon Wold Kristie Stemach John LaMedica - i purchased my first property in tucson in march of this year, and now have my 9th and 10th in escrow... a total of about 100 units and 44,000 square feet of office. I am focused mostly on u of a economy as a defensive play that is de-coupled from the macro economy at large. Regardless of rates or a brexit or whatever is coming next, the 15,000 employees and 40,000 students keep on growing and spending. Additionally the high affordability and forecasted growth (#9 in country forecasted for 2017 by realtor.com) are huge bonuses. I've spent about $15,000 on market reports this year that i'd be happy to share with you guys if you reach out to me. Cheers! Phil