30units off market in Albany Ga, Need financing

[James H.]

Hello BP, I have a 30 unit multi-family brought to me off market bye a seller agent I purchased my last deal with. The owner's inherited the property and are looking to exit quickly. We negotiated a price before it was listed.  We are looking to close the deal and keep for long-term cash flow. It's a stable property with only two physical vacancies. Rents are 20% below market and there is a value add component with cosmetic upgrades. We have the down payment. Just need a proper lender and/or advice to close from experienced multi-family operators. 

Contracted price $773k w small seller contribution ($25,785/door)

Est. $42k in improvements

Avg rent $370

Market rent $450-$500

All large 2/1's, 1000sqft

[James H.]

Still looking for commercial lending a small multifamily building in Albany, Ga. We have a signed contract, completed inspections and down payment funds. Looking for the right partner to leverage the deal with.