90% Financing needed on a Illinois Flip

[Tami Champagne]

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.

[Diane Charles]

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 [e-mail] or call 636-614-6306  LTV is up to 80% of the purchase price or the as-is value (whichever is lower).

Diane Charles

  

[Tami Champagne]

will do! Thanks!