Lender Needed: Permitted & Partially Built 30-Unit Residential Project in Philadelphi

[Michaela Hayes]

I am currently under contract on a compelling real estate opportunity that is partially developed and presents strong upside potential. I am seeking serious, qualified lenders who are capable of closing quickly.

Project Overview:

• Total Units: 30 Single-Family Residences
• Status:
  • Permits fully approved
  • Foundations poured for all 30 units
  • 5 units are 100% complete (interior and exterior)
  • 10 units are fully framed with exterior work done – interior completion pending
  • 15 units remain to be constructed from the ground up

Financial Summary:

• Purchase Price: $12,110,000
• Remaining Construction Budget: $4,250,000
• After-Repair Value (ARV): $19,100,000

This is a unique opportunity to participate in a project with a significant portion of work already completed and clear path to completion. If you’re a lender ready to move quickly, I’d be happy to share the full project details, including financials, construction timelines, and exit strategy, thanks!

[Simmy Ahluwalia]

This deal does not pencil at all, and you will lose your shirt with these numbers.  You need to be picking this up at $10M or less.