I have a property under contract, and looking for a Hard Money Lender to finance deal.
I am looking for $150,000 ($72,000 Purchase, $78,000 Rehab). I have had a contractor look over everything twice. Construction duration would be about 3-4 Months.
Comps should appraise between 160-180K. Would be trying to refi this out in 6 months.
Rent comps are somewhere between $650-$850.
This deal contains 2 Fourplexes that are separately deeded. I will be rehabbing one at a time, and after renting out the units, will refi and return money. Each 4 plex should appraise between 160 and 180K. The actual rehab budget is about $150k for both buildings. I only $150K instead of the full $225 because I will pay back purchase price and roll rehab over into the next property.
Please contact me if you need any further information.
Thanks in advance!
The properties are located in Tulsa, Oklahoma
Do your project with a no doc stated income business line of credit or term loan.QUALIFY ON LINE NOW: https://nationalcc.wufoo.com/forms/term-loan-application-zb4s56b0mp5ze
Jacob, I will need your email address, I want to send you some info. Hope to hear from you.
Hi Jacob, we can do both the purchase/rehab and the refinance into the long term rental. We have a 5/1 ARM, 7/1 ARM, 10/1 ARM, and a 30 Year Fixed. I cant give you 100% funding on the purchase and rehab...that part is determined by your experience and the highest we go is 90% Loan to Cost. Our rates are really attractive though so that helps. My email is [email protected] If you think our program can work, give me an email, thanks
- Adam Ghrist
@Jacob Caddick - keep us in mind for the refinance. We can refi up to 75% with just 30 days of title seasoning.
We can provide the funding you need. Please call or text me at (305) 607-2104, or send me an e-mail:[email protected]
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