I have two transactions in Missouri that I'm looking to obtain financing on. My client has 10% down for each and does not need rehab costs. Exit strategy is to sell.
 
First deal:
 
3403 S. Grand, Sedalia MO
After renovated value, based on comparable sales: $93,000
• acquisition costs at 2.5% ­ $1,075
• Money costs ­ (10% down, $39,600 loan) $4,560
• 1⁄2 year property taxes: $825
• Closing costs @9.5% $8,835
• Max purchase price $44,000 (Min. bid $32,530)
• Loan to after renovated value ­ $42.5%
 
And the second:
 
31 SE 240 Rd. Warrensburg MO
After renovated value, based on comparable sales: $112,000
• acquisition costs at 2.5% ­ $1,250
• Money costs ­ (10% down, $45,000 loan) $5,400
• 1⁄2 year property taxes: $825
• Closing costs @9.5% $10,640
• Max purchase price $50,000 (Min. bid $37,250)
• Loan to after renovated value ­ $40%
 
Please let me know if this is something you can facilitate.

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Hi Tami,

I am located in St. Louis MO and work with several lenders that specialize in funding for commercial and residential investment properties nationwide.  To discuss your loan request, please contact me at diane@pfinancegroup.com or call 636-614-6306  LTV is up to 80% of the purchase price or the as-is value (whichever is lower).

Diane Charles

  



will do! Thanks!

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