Updated over 7 years ago on . Most recent reply
New Property Management Company in need of advise
Our first client is a nonprofit church with investment property ( 5 apartments and 1 vacant building ) 3 out of the 5 apartments need renovations and the 1 vacant potential office space building need renovations. No liens or mortgages against the properties. 3 out of the 5 are rented out currently. In need of financing. We are currently speaking with a local federal credit union that are offering a conventional mortgage 15 year fixed rate. The amount needed to do renovations is less than the equity value of the property. We are located in the Hudson Valley, New York area