Skip to content
Classifieds

User Stats

123
Posts
32
Votes
David Sanford
  • Rental Property Investor
  • Chester, VA
32
Votes |
123
Posts

Looking for VA financial partners

David Sanford
  • Rental Property Investor
  • Chester, VA
Posted Nov 30 2022, 10:15

I have a deal under contract for $2.6M for two medical offices at a 10 CAP. Total value currently is $3.5M being conservative. I'm have a hard time finding a lender to lend on it because the leases expire in 2.5 years and they all want at least 5 years remaining. Therefor I'm considering going with partners on it to buy in cash. Very big tenant in place for 18 years now. 1980 build. About 20k sq ft in total between 2 buildings located in Central Virginia.

Loading replies...