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

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

Flipper/Rehabber · Philadelphia · Member since 2024 · 42 posts · 20 votes

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!

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

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.

See this reply in the discussion

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y

    Hi Michael, 

    Who will be the PG on this loan? Do they have experience with similar projects?

    LuxePrivate Investments LLC 572 Reviews
    • Flipper/Rehabber · Philadelphia · Member since 2024 · 42 posts · 20 votes
      1y
      Quote from @Erik Estrada:

      Hi Michael, 

      Who will be the PG on this loan? Do they have experience with similar projects?


       Im currently the builder for the investor (so yes I have experience) 

  • Member since 2025 · 56 posts · 4 votes
    1y

    Hi Michaela,

    At Sterling Capital Funding, we are Nationwide Direct Lenders 

    and this sounds like its right up our alley I sent you a direct message with my information

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

    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.

  • Member since 2025 · 7 posts · 0 votes
    1y

    Hi Michaela,

    This definitely sounds compelling.

    We’d be interested in discussing this deal further to see if it’s a fit for our lending programs. We specialize in private and alternative commercial financing and are actively funding projects nationwide, including partially completed developments like yours.

    If you're still seeking funding, feel free to reach out directly so we can review the details and explore how we might structure a solution that supports your timeline and goals.

    Looking forward to connecting!

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