Seeking financing on a 16 unit.
I've got a 16 unit under contract. 395k purchase price with 30% down. GMI is $7500. Property was renovated a year ago and is fully leased and in pretty good condition. Updated electric, central air, etc. I'm not really looking for a hard money loan or private money per se. I am seeking a commercial loan on a 15 or 20 term even though it may be a pipe dream. Please PM me if interested. Thanks.
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Contractor
- First Property Management