Rental Property Investor · Southfield, MI · Member since 2010 · 111 posts · 20 votes
Hey everyone! 👋
I looking to make connections with a private lender or investor for a short term lending of $450k to finish renovations on an apartment building I own in Detroit, MI. The building was appraised and the ARV is about $1.3M once the rehab is done.
The exit is to rehab, lease stabilize and sell the building within 12 months.
I can offer first-position security and all the title work is already done, so everything’s clean and straightforward.
If you’re an investor, private lender, or know someone who is, feel free to message me. Happy to share details
Hi Karim — I saw your post about the Detroit apartment rehab. The first-position note caught my attention. I’m a commercial mortgage broker who works with private lenders and investor capital, and I’m happy to ask a couple clarifying questions to see if this might fit any of the groups I work with, if you’re open.
Hi Karim — I saw your post about the Detroit apartment rehab. The first-position note caught my attention. I’m a commercial mortgage broker who works with private lenders and investor capital, and I’m happy to ask a couple clarifying questions to see if this might fit any of the groups I work with, if you’re open.
Hi Karim — I saw your post about the Detroit apartment rehab. The first-position note caught my attention. I’m a commercial mortgage broker who works with private lenders and investor capital, and I’m happy to ask a couple clarifying questions to see if this might fit any of the groups I work with, if you’re open.
Thanks Mayo, are they direct lenders?
Good question. Some of the groups I work with are direct private lenders, and others are small discretionary funds that deploy their own capital.
I’m not a lender myself — my role is to screen and package deals so they’re a fit before introducing them.
If you’re open, I can ask a couple quick questions to see whether this aligns with any of the direct lenders specifically.
Hi Karim — I saw your post about the Detroit apartment rehab. The first-position note caught my attention. I’m a commercial mortgage broker who works with private lenders and investor capital, and I’m happy to ask a couple clarifying questions to see if this might fit any of the groups I work with, if you’re open.
Thanks Mayo, are they direct lenders?
Good question. Some of the groups I work with are direct private lenders, and others are small discretionary funds that deploy their own capital.
I’m not a lender myself — my role is to screen and package deals so they’re a fit before introducing them.
If you’re open, I can ask a couple quick questions to see whether this aligns with any of the direct lenders specifically.
Hi, I'm interested in your project. The ARV and your plan sound promising. Could you share more details about the loan terms, interest rates, and security structure? I'd be happy to discuss further.
I looking to make connections with a private lender or investor for a short term lending of $450k to finish renovations on an apartment building I own in Detroit, MI. The building was appraised and the ARV is about $1.3M once the rehab is done.
The exit is to rehab, lease stabilize and sell the building within 12 months.
I can offer first-position security and all the title work is already done, so everything’s clean and straightforward.
If you’re an investor, private lender, or know someone who is, feel free to message me. Happy to share details
@Karim Shah Sounds like you've made significant progress already. Were you able to secure the remaining capital, or are you still looking for funding to complete the renovation and stabilization phase?