Looking for a conventional/bridge finance for a long term hold

[Vish Iyer]

Hi,

I just got a 2 unit + 1 finished basement in westown/noble square area in Chicago under contract. Here are the numbers.....

Unit #: 2 legal units + 1 basement unit which is going to become one more additional legal unit.

Bedroom distribution in the three units are: 4,2 and 2

Price: 400k

Rehab: 60k

ARV: 700k

Exit Strategy: Long term hold

Rental Comps (potential): 6k conservative and 7k or more per month potential if rented out to software professionals per bedroom.

What is the best way to acquire the property? Is there a fix, rehab, hold product?