Updated about 2 years ago on .
Investment Opportunity In New York
Investment Info:
Other fix & flip investment.
Purchase price: $340,000
Mixed Use Property. 2 Apartments Upper, 1 Restaurant Lower. Restaurant is vacant.
What made you interested in investing in this type of deal?
The property is in a good area, has loads of potential, and can more than handle the debt.
How did you find this deal and how did you negotiate it?
I found this deal through extensive research. I negotiated this deal under an ABL (ASSET-BASED LOAN). I contacted the real estate agent, took a tour of the property, acquired all financials for the property, and did the math.
How did you finance this deal?
I am acquiring a asset-based loan from a private money lender. I have been approved for the purchase loan and rehab.
How did you add value to the deal?
I did all the leg work, and necessary research.
What was the outcome?
The sale is ongoing. I am in search of a partner to help me with origination fees and closing costs.