Looking for a short term lender for a 8 unit brick apartment building near a college and hospital. All investment will be paid back in one year or less and secured as a second mortgage.

Here are the numbers as they sit for verbal negotiations:

Monthly Income: $6,000.00

Monthly Expenses: $3,529.61

Monthly Cashflow: $2,470.39

Pro Forma Cap Rate:18.01%

NOI: $41,240.00

Total Cash Needed: $49,000.00, I will put the rest down, Currently only need 20K

Cash on Cash ROI: 60.50%

Purchase Cap Rate: 18.33%

This is a killer deal. If you would like to know more about the property or have any question please let me know. Thank you for your time!