Buildout BH Estate - Total SF 15,000 (includes accessory buildings)
Post development: Proj. ARV: $18M - Total Proj. Debt: $8M - Current SF:15,000
Current: ARV $6.5M - Debt: $3M loan ($1.2M/ $1.8M Sec.): Current SF: 6,000
Plans: Complete 1 month - Permits within 3 months.
Project Length: 24 Months - Top designers and Architects.
Current Expenditure 2016 : $800K expensed on property- (full backup avail.)
Selling Price Prior to Development - Permit Ready: $10M.
Seek: Direct lenders with Construction Financing and low rates.
1. Replacement Financing for $3.0M (First and Second Mtg). 24 months.
2. Seek Construction Financing - $5.0M - 18-24 months
3. First Lender only please - Competitive rates/points only. - include interest payments
Please contact Nic at email@example.com (website: Fidelisc.com)
Hello, we fund in all 50 states, up to 100% of the investment property purchase on a 70% ARV at a rate of 9%, funded in 10 days and you can refinance with us at a rate of 4% for 10 years to 15 years fixed or ARM, loan size $50,000 to $5M, no advance fees. Please contact me: George Mallory, underwriter, (917) 653-5215, email: georgeM@stanfordestatecapital.com website: https://www.stanfordestatecapital.com/
Closed Loans that was 100% finance
Manhattan, New York, NY $4,500,000 hard money to perm loan use for construction of 12 condominium units
Manhattan, New York, NY $4,000,000 hard money for construction of 20,000 square feet mixed used building
Queens, New York $1,512,000 for construction of a five-unit condominium
Morristown, NJ $118,000 purchase and $20,000 rehab of a two-family short sale investment, 100% for the purchase, 70% ARV, refinance into a rental property at a 4% rate, current value $393,000.
Chicago, Northside Lake Front, IL $3,500,000 loan to acquire a 180-unit apartments 4 stores mixed used building
Chicago, Southside, IL $105,000 hard money to perm purchase and rehab of a 6-unit multifamily property, ARV $308,000
Macon, GA $249,000 for a real estate wholesaler to purchase and rehab two-story single family into a rental
Denver, CO $154,000 REO purchase for a two-family property
Reno, NV $304,000 purchase and rehab of a four-family rental
I have one of my top direct funders that have informed me that they are looking to fund quality projects for the New Year.They will fund Real Estate,Business ,Medical and IT projects in all 50 states for direct Principal Borrowers.