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Updated over 2 years ago on . Most recent reply

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Elliot Young
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✅ PML for 60/90 day reno/No Mtg/Vacant

Elliot Young
Posted

Two almost side by side single fams in PA. Like title says no mortgage and vacant. Renovating both simultaneously. Need 105K to reno both ($50k and $55k) 60/90 day max @7% no prepay penalty no fico minimums asset based. ARV $125k-$135k each. Straight fix refi and return. If all goes well run it again with a single fam and 2 unit. If that goes well have a larger 2 property deal. Owner looking for a long-term business. Serious inquiries only must have 5+ yrs experience. Appreciate your time.

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1,508
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Matthew Crivelli
  • Lender
  • Massachusetts
956
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1,508
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Matthew Crivelli
  • Lender
  • Massachusetts
Replied

@Elliot Young No one is giving rehab money at 7% these days. You will be lucky to find a lender to do it at 10.99%.

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Freedom Capital Funding, LLC
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