Seasoned Investor Seeking Individual Private Lender for Deal

[Will Gaston]

Hello,

I am seeking a private individual lender or individuals to lend on the rehab of triplex that I am purchasing in my market of Columbia, SC.  I have 10+ years experience in my market and have a portfolio of over two dozen properties, 6 of which are within 10 blocks of the subject property. I am paying cash for the property and going to make it a very upscale rental, hence the large amount needed for repairs. Here is the breakdown:

-3 Units with 3 BR/1 Bath each

-Est. "As-Is" Value: $50,000

-Purchase Price: $23,000

-Conservative Est. Repairs: $85,000

-Total Investment:  $108,000

-ARV: $200,000-$215,000 (53-50% in Total Cost Basis)

-ARV Rents: $3000-$3600/month

Seeking a one year loan until I get permanent financing.  Have lots of great references from real estate agents and tenants as well as an 800+ credit score.