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Updated almost 3 years ago on . Most recent reply

User Stats

3
Posts
2
Votes
Elliot Young
2
Votes |
3
Posts

✅ 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.

Most Popular Reply

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1,547
Posts
997
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Matthew Crivelli
  • Lender
  • Massachusetts
997
Votes |
1,547
Posts
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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21 Reviews

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