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9
Posts
17
Votes
Deon Johnson
17
Votes |
9
Posts

Needing Advice on obtaining Gap Funding

Deon Johnson
Posted

I have two off-market deals in Youngstown, OH with term sheets already issued by a lender (13% interest, 3% origination, 90% purchase, 100% rehab, 75% ARV).

I’m looking for:

  • A cash buyer
  • A hedge fund
  • Or a JV partner who wants me to bring the deal + funding

Both deals qualify for BRRRR and Section 8 after rehab.

Ravenwood, Youngstown, OH 44511

  • Purchase: $40,000 OBO
  • ARV: ~$120,000
  • Rehab: $20k (lender covers 100%)
  • Terms approved:
    • 13% interest
    • 3% origination
    • 15% contingency included
    • Up to 90% purchase
    • 100% rehab
    • Max 75% ARV

    • Tod Lane, Youngstown, OH 44505

      Purchase: $40,000

      ARV: ~$95,000 (strong comps nearby)

      Rehab: $30k (lender covers 100% + 15% contingency)

      Terms approved (same lender):

      • 13% interest
      • 3% origination
      • 15% contingency included
      • Up to 90% purchase
      • 100% rehab
      • Max 75% ARV
        Great BRRRR opportunity — qualifies for Section 8 at ~$1,050–$1,150/mo after rehab

Great BRRRR hold with strong rental demand in this area.

What I’m Offering

  • Both properties can be purchased as a package
  • Assignment or JV option available
  • I already have a lender ready pending appraisal + final underwriting, looking for a Gap Funder of $20k or Full assignment at $95k OBO
  • Close fast as -is 

DM me here