- Flipper/Rehabber
- Marietta, GA
- 76
- Votes |
- 108
- Posts
93k LIAN-64% LTV-12% AOR-FIRST POSITION
Description
🏠PRIVATE LENDING OPPORTUNITY — COLUMBUS, GEORGIA
I’m seeking a private lender to fund my next affordable-housing renovation project:
📍 5822 Wyndham Court
Columbus, GA
PROPERTY IMPROVEMENT:
The property currently has three bedrooms and one bathroom. As part of the renovation, it will be converted into a four-bedroom, two-bathroom home—improving its functionality, marketability, and long-term rental potential.
DEAL NUMBERS:
• Purchase price: $33,000
• Renovation budget: $60,000
• Total loan requested: $93,000
• Projected after-repair value: $145,000
• Loan-to-ARV: Approximately 64%
LENDER TERMS:
• 12% annual interest
• Interest-only payments
• $930 monthly interest payment
• Three-year term
• $93,000 balloon payment at the end of the term
LENDER PROTECTIONS:
• First-position lien on the property
• Personal guarantee
• Lender’s title insurance
• Professionally prepared loan documents and closing
EXIT STRATEGY:
After completing the renovation and stabilizing the property, the plan is to refinance it into long-term financing. The refinance proceeds will be used to repay the private lender’s principal balance.
I specialize in acquiring undervalued properties, renovating them through my construction operation, and returning them to the affordable-housing market.
I have completed more than 150 real estate transactions and have extensive experience acquiring and renovating distressed properties throughout Columbus and Macon. I have also successfully worked with numerous private lenders and understand the importance of protecting their investment, communicating clearly, and performing as agreed.
One property. One loan. One lender in first position.
Serious lenders interested in reviewing the property, renovation scope, comparable sales, and complete loan terms should contact me privately.
William Nadal
Nadal Capital LLC
📱
