Hard money loan on a 5 unit multifam package?
Hi all, Big Ben here in Chattanooga, Tennessee.
I'm about to go under contract on a 5 unit multifam package. 5 houses on 4 land parcels. They gross $2,400 / month. Assumed contract price at $150k.
Looking for a 6-9 month loan that offers flexibility for us to rehab the units, and possibly sell the entire package, or as individual units.
I have a construction partner experienced in this type of project, whose wife is a property manager. I'm the agent.
With appreciation,
Big Ben
Stone Fort Properties