I need financing on these two phenominal deals in Atlanta
First one is in the Buckhead area 2 blocks from Lenox Mall
It’s a Condo
Appraised value $295k
Short Sale approved for $197k
Will rent for $2500 a mo.
no repairs needed at all it’s spotless
Second is a duplex in East Atlanta
Appraised value 135k
Short Sale approved for 64.5k
minor cosmetic repairs needed paint, carpet, minor bathroom and kitchen touch ups
repair cost under $3500
50/100 with repairs
I need a private lender / hml that works in this area with no upfront fees anybody no of anyone?
First post I was in violation apologize ** No Networking - do not post networking, leads, mentors, or partner requests;
When it comes to HML in ATL there are a variety of them. Using HML to purchase this is just 1 part of the equation. It sounds as if you want to hold these for rentals. Since HML are short term what do you plan to do for the exit?
Will send you a list of questions so we can try to determine which HML options may be best?
I do a large amount of business in Griffin, Cumming, and Stone Mountain. I can recommend a couple of good local banks that my customers use for the rehab financing before we refinance to permanent. It is based on prime rate +1 with 1 point at closing. Much cheaper than hard money. I also have a good friend who mentors beginners if you ever need any help.