Question for seasoned NYC rehabbers/ hard money lenders
I am a wholesaler from Brooklyn, Ny. I am currently preparing an offer on a three family property in Lefferts Gardens that needs a ton of renovations. Now the asking price is 825k and repair cost is about 140k. ARV: 1.5M. How much are the holding costs, closing costs in new york for rehabbers? If a rehabber was to use hard money loan, how much would he or she have to pay?