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I recently formed a Company (llc) to specialize in the acquisition. rehabilitation and management of distressed multi-family properties so as to provide "affordable" housing for the disabled, elderly, homeless and displaced veterans. At this time our only financing options are hard money or private money sources, however, even the hard money lenders require "some skin in the game" of approximately 20% down payment or some form of "gap" funding. Therefore, I am quite interested in your lending criteria for “rehabbing” both SFR or multi-family properties as well as the states in which you fund in.
I have approximately 30 yrs of (P/T) experience investing primarily in SFR properties, while my partner has over 40 yrs of General Contracting experience, thus making the “rehabbing” of distressed multi-family properties a logical investment strategy by which we can provide both much needed affordable housing while quickly establishing a solid equity base for possible cross-collateralization.
Thank you for your assistance,
William Wynn firstname.lastname@example.org 941-235-2349
Hello Jake i wrote to you yesterday about some information i wanted to get from you or your E-Mail so that i can send you all the information i have on a home here in my State. Here is my E-Mail email@example.com if you did sent it i did not Received it at all.
Carlos Rivera Jr
Email me your loan criteria to firstname.lastname@example.org, I have clients in need of the 100% LTV
It's been sent. Check your spam.
Jake - I have a property in Orlando, Fl. Will need about $122,000 or as close to that as possible. ARV of the property is about $175,000. Maybe a bit more. This is based on comps of recent sales in the area. I have some equity to put into the deal if needed but I would like to see what 100% would cost me. Looking to start rehab in November and have the property sold in February/March of 2015.
If you can do this let me know. Send contact and info to email@example.com
Thanks in advance.
Sorry Joseph. Max loan on $175k ARV is 105.
I would like more info firstname.lastname@example.org