looking for short term (18 mo) Loan (ARV, rehab, bridge)

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looking for short term (18 mo) Loan (ARV, rehab, bridge)

Bristol, TN · Member since 2017 · 36 posts · 2 votes

Looking for short term financing (18mos) on an 8 unit (3 bldgs) 1-4plex, 2 duplexes totaling 14br/10ba in all.  Loan will be for offer price of $275,000 plus $25,000 in rehab costs. 18 months all rehab work to be done and under market rents will be brought up to market value. At the end of 18 months, refi will be done to a 25/30 year fixed rate. Once rental rates are adjusted, estimated cash flow will be $2000+ per month. I do have BP evals to show performance value. Please contact Rick McGeeney at [email protected].  Thank you in advance!

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  • Bristol, TN · Member since 2017 · 36 posts · 2 votes
    9y

    OK, they accepted our bid!... now we need financing!  $250K plus $25K for repairs/upgrades. $275K to purchase 8 unit complex (3 bldgs) 14br/10ba in all.  Estimated value $325K - $350K... Need bridge loan for 18 months or long term fixed rate financing!  We got the DEAL just need to make it happen!  Please contact Rick McGeeney... [email protected]... 423.534.4322 (C) please leave message!

  • Lender · West Berlin, NJ · Member since 2015 · 308 posts · 27 votes
    9y

    Just visit my website and fill out the application for funding.

  • Bristol, TN · Member since 2017 · 36 posts · 2 votes
    9y

    Ok, we are short $50K... can anyone lend $50K on a short term note/loan?

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