Looking for a loan - 18-apartment building

Upstate New York, New YorkWantFinancingPrivate Money
Classifieds
1yFollow

Looking for a loan - 18-apartment building

Anya SwansonPro Member
Rental Property Investor · San Clemente, CA · Member since 2017 · 21 posts · 12 votes

I am seeking a loan or a joint venture partner to convert a school building into an 18-unit apartment complex. The project requires a $350,000 down payment (with the seller financing $500,000) and approximately $450,000 for rehabilitation, totaling about $1,350,000. The anticipated after-repair value is $1,700,000, with an expected monthly cash flow of $8,500. I will be happy to discuss this opportunity in detail and can provide all the information - please contact me if this sounds interesting to you 

0Reply
13 views

2 Replies

Jump to latestLatest
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 667 votes
    1y

    Are you seeking a second loan behind the seller financed first? Unclear as to what it is you need here. Can you explain a bit more, please? :)

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    0Reply
  • Kent Kettell
    Catlett, VA · Member since 2024 · 80 posts · 5 votes
    1y
    Quote from @Anya Swanson:

    I am seeking a loan or a joint venture partner to convert a school building into an 18-unit apartment complex. The project requires a $350,000 down payment (with the seller financing $500,000) and approximately $450,000 for rehabilitation, totaling about $1,350,000. The anticipated after-repair value is $1,700,000, with an expected monthly cash flow of $8,500. I will be happy to discuss this opportunity in detail and can provide all the information - please contact me if this sounds interesting to you 


     I maybe able to help. Would love to discuss this with you.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free