Seeking Private Lender for a multifamily property

Seeking Private Lender for a multifamily property

Member since 2022 · 12 posts · 4 votes

Hello, we just found a deal and made an offer. It was accepted and now the fun begins! This is my first multi-family 10 units. I currently have 3 other SFH for mid-term and STR. My brother and I are in partnership on this deal. He also has 3 properties. We have a good amount of the downpayment necessary but are seeking PL for the remainder and rehab costs. Happy to chat over the next few days. Please let me know.

Thank you!

Joleen Specht

1Reply
2 views

8 Replies

Jump to latestLatest
  • Lender · Venice, CA · Member since 2021 · 189 posts · 132 votes
    3y

    @Joleen Specht Congratulations on getting this one under contract.  I may be able to help - where is the property located?  

  • Member since 2022 · 12 posts · 4 votes
    3y

    Hi David, 

    Thanks for the reply.  The property is in Stevens Point, Wisconsin.   I am originally from there and my brother still lives in the area.  Each of our other rentals are near there as well. 

  • Philip CookPro Member
    Investor · Stevens Point, WI · Member since 2020 · 91 posts · 52 votes
    3y

    @Joleen Specht if you're looking for 6 month rehab financing, talk to Best REI Funding. 

    Just out of curiosity, how were you able to find this deal? It's been really hard to find deals in the area that make sense. 

  • Member since 2022 · 12 posts · 4 votes
    3y

    Hi Philip,

    It was on Zillow.  Yes we went to look at another property that is extremely overpriced just today.  Would enjoy chatting.. Central WI is my niche right now, even though I live in Denver.  We are from Marshfield.  

  • Member since 2022 · 12 posts · 4 votes
    3y

    Philip,

    Are you working with any Private Lenders ?  Just trying to figure out the construction financing....

  • Lender · Richmond VA · Member since 2012 · 301 posts · 30 votes
    3y

    @Joleen Specht Happy to take a look at this project.

  • Member since 2022 · 12 posts · 4 votes
    3y

    Hi Chad,

    OK, great.  Lets connect.  

  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    3y

    Hi.  We can certainly review this project and quote on it.  

Join the conversationCreate a free account to reply, vote on answers and follow this thread.