New Orleans Rehab

Financing, Hard Money Lenders, Private Money
1

Good evening to all,

After watching my saints lose, now I turn to business for the evening.

Just began looking into the re-hab business here in New Orleans.

Spoke to a few realtors who are friends, I am set on this one purchase if I could find a lender to help me out. I am looking mostly for a HML or re-hab financer.

ARV is $250-260k
Purchase price is $95k
Good GC friend has an estimate of no more than $55k of repairs.

I have funds to do closing costs, not much more to put for downpayment.

Waiting until tomorrow evening to give a call to the HMLs listed in the investor resources here on the site.

Credit is good, over 700 and will have a partner so two incomes can be looked at for repayment if needed as a way out.

If I could get any help until then, I would appreciate it.

Have a good evening.

NOLArehab

2

How much do you need, for how long, and what are the re-payment plans?

Steve

3

Sent you a PM with some more details.

4

There are several hml that will fund in NO. The specific area, your experience, post Katrina comps will way heavily in their decision makng.

5

Thanks for the help so far. I replied to my PMs this morning about my situation.

I really do appreciate the help.

6

No Brainer!