Blanket loan for seventeen units

[Benjamin Pekarek]

Project is to tie an owned six unit with an eleven unit apartment complex less than one block away. 

Seeking $500,000.00 at 8-10% I/O, on a minimum 12 month note. Would prefer 24-36.

15 out of 17 units are occupied, gross current income is  $8,250 per month. Rents are below market, and will rise as tenants cycle out. Market financials are $12,750.00 per month. 

Properties are held by an LLC, principal is a Florida licensed Broker, and Certified Property Management Specialist.

I've posted this everywhere except Bigger Pockets, but I need this deal closed quickly. If you have any interest, please call or e-mail me. My direct line is in my contact information, replace -8660 with -8661. 

Thank you for your interest - Link to full financials below. 

-Ben

Full Financials