Help Needed on Refinance options to include 70k construction costs

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Help Needed on Refinance options to include 70k construction costs

Kelli Davis
Flossmoor, IL · Member since 2018 · 1 post · 1 vote

Hello-

I need to refi out of my current hard money loan ASAP as it has come due. I had a couple set-backs, but am 70% complete on the project. I'd need roughly 70k in construct costs to complete. Looking for a lender who will work with me on refinancing and balance of construction costs. The property is a multiunit.

Thanks for the advice and guidance. It's my first multi-unit investment purchase.

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  • Patricia Pastore Olverd
    Lender · Member since 2024 · 6 posts · 0 votes
    1y

    Hi Kelli. I'd love to work with you. Let's chat

    0Reply
  • Charlene Livers
    Virginia Beach, VA 23452 · Member since 2024 · 88 posts · 14 votes
    1y

    I sent you a message, Kelli.

    0Reply
  • Aaron Ber
    Member since 2025 · 22 posts · 3 votes
    1y

    Hi Kelly! I am interested. Let's connect!

    0Reply
  • Deborah Wodell
    Lender · Sanford, NC · Member since 2024 · 348 posts · 116 votes
    1y

    Hi Kelly! I can help you. Let's discuss more on it! 

    0Reply
  • Johnny Curran
    Member since 2025 · 44 posts · 2 votes
    1y

    Hi Kelly, would love to help, let's connect!

    0Reply
  • Account Closed
    New to Real Estate · Member since 2025 · 76 posts · 7 votes
    1y
    Quote from @Kelli Davis:

    Hello-

    I need to refi out of my current hard money loan ASAP as it has come due. I had a couple set-backs, but am 70% complete on the project. I'd need roughly 70k in construct costs to complete. Looking for a lender who will work with me on refinancing and balance of construction costs. The property is a multiunit.

    Thanks for the advice and guidance. It's my first multi-unit investment purchase.


     Interesting scenario. Happy to connect!

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y
    Quote from @Kelli Davis:

    Hello-

    I need to refi out of my current hard money loan ASAP as it has come due. I had a couple set-backs, but am 70% complete on the project. I'd need roughly 70k in construct costs to complete. Looking for a lender who will work with me on refinancing and balance of construction costs. The property is a multiunit.

    Thanks for the advice and guidance. It's my first multi-unit investment purchase.


     Mid-Construction will be a challenge in this market, but doable if it makes sense. 

    How much do you owe? 

    What is the current value? 

    When was the property purchased and for how much?

    What is your cost spent to date and what is your total construction budget? 

    What is the estimated ARV?

    What is your FICO and Experience closing on flips and construction deals? 

    I would say the better route is trying to negotiate more time 

    [email protected]818-269-7983
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    0Reply
  • Leslie Nunn
    Member since 2025 · 68 posts · 6 votes
    1y
    Quote from @Kelli Davis:

    Hello-

    I need to refi out of my current hard money loan ASAP as it has come due. I had a couple set-backs, but am 70% complete on the project. I'd need roughly 70k in construct costs to complete. Looking for a lender who will work with me on refinancing and balance of construction costs. The property is a multiunit.

    Thanks for the advice and guidance. It's my first multi-unit investment purchase.


     Im happy to connect if you're still looking 

    0Reply
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