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June 19, 2021, 04:41:31 pm
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Author Topic: HARD MONEY NEEDED FOR COMMERCIAL PROPERTY  (Read 4872 times)

Offline investy

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HARD MONEY NEEDED FOR COMMERCIAL PROPERTY
« on: April 22, 2008, 01:48:25 pm »
Need hard money for purchase and rehab of apt. buildings in OH and KY  Big equity spread. Looking for 50-60% ARV, including rehab cost. Positive cash flow potential.
Small Loan amounts under $200k

Anyone know of someone?

Offline EBD-Chris

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Re: HARD MONEY NEEDED FOR COMMERCIAL PROPERTY
« Reply #1 on: April 22, 2008, 07:15:06 pm »
You could always try a bridge loan

Offline real estate 001

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Re: HARD MONEY NEEDED FOR COMMERCIAL PROPERTY
« Reply #2 on: April 22, 2008, 11:45:00 pm »
 :cool

 AS far as  the funds they can be got  but the cost for the funds  are you ready for that ?

 And do you have a good exit plan as they will be short term

 s   200 k could cost you as much and may be more  then 12 K  to get  for only 18 to 24  may be 36 months


Offline investy

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Re: HARD MONEY NEEDED FOR COMMERCIAL PROPERTY
« Reply #3 on: May 26, 2008, 07:42:53 pm »
I don't mind paying the points. I figrued on doing the repairs, renting the units and once occupied doing a refi. Mostly want it for cash flow. Do you know of any lenders who will do this loan? The loan amounts are fairly small. One of the buildings im looking at the loan would be under 100k.

 




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