Financing a gut Renovation in Clinton Hill / Bed Stuy Brooklyn NY

[Neil Stern]

Hello BP!

I have been presented with  an off market deal in the Clinton Hill/ Bed Stuy border in Brooklyn.  - purchase price would be 1.5 Million - its 4 stories and requires a gut renovation.

Supposing that this is a great deal - how would i finance the 600-700K renovation ?  

I expect to have four large units when done - Minimum two Bedrooms each. 

Questions - at face value , does the deal sound good? How would i finance the project?

Thanks!

Neil