Funding Sought for Acquisition and Rehab of a 14 Unit Apartment Building

I am currently seeking funding for the acquisition and renovation of a 14 unit property located in Springfield, Massachusetts.

The funding of $335K is needed for the acquisition ($250K) and renovations of $80K.  A solar initiative is also planned for implementation.

This property is located in an area of expanding employment by three new employers moving into the City of Springfield and creating 7,000 new jobs over the next five years.  The need for affordable housing is critical.

I have an Executive Summary as well as the financials, scope of work, and information on the area ready and available for review upon request.

Views: 523

Reply to This

Replies to This Discussion

Send me a executive summary of your project, financials, scope of work and information on the area


Hi:  I had sent you the information you requested, however, I did not hear back from you either way.



Hi Nancy,

Can you please send me an email at and I can send you lending parameters?

Thank you,


What information do you need?

Thank you.


Please send executive summary and other information for review. Have excellent funding programs to fund your project.


Phillip Walker

Stone Creek Financial Services



My name is Maurice Pleasant and I am an investor who may be able to assist you with funding for your project.

Whether you need to purchase or refinance commercial property, buy new equipment, or simply require working capital for payroll or inventory, We provide a wide array of loan programs tailored to fit your specific financing needs.

Take a look at our extended loan programs here at . You'll see we are able to accommodate most types of commercial lending needs.

Feel free to contact me so that we may talk about your needs in more detail.

Best Regards,

Maurice Pleasant

Hi Maurice:  

We spoke back in December on this 14 unit project.  I got tied up with the build out and move of our offices.  We did this during the holiday season as we moved for January 1st.  Was an overwhelming project with the holidays in the mix.

In any case, please let me know what we need to do next to find out what can be done with this project and your funding sources.



Nancy, here is what I can do:

65% of ARV

1-3 year term

9-12% I/O

6 points origination

Borrower brings 15% cash down

Thank you for your reply.  The points and rate are too high for this project.  Thank you again for the offer.


What would you need to get the ball rolling on the 14 unit buy/renovate? 



Hi Joe:  Can a borrower utilize the stated income loan to refinance a property?  I have a 4 bed, 3 bath pool home I purchased and renovated in Naples, Florida.  I would like to keep it for a year instead of selling it right away.  I have owned it for 7 months.  It is worth $330K.  Would like to refinance out of hard money at 75% LTV ($247K).



I read your loan proposal with the above subject but you did not leave a phone number to call you to discuss the scenario and its funding process,Have you been searching for a direct Private hard money Lender to help you with your loan request that DOES NOT Charge any Upfront Fees ? If so, you've found the right source.I can assure you that Money is something that I enjoy earning, but the key is "earning" and not "taking".
As Direct and registered Private Money Lender we provide you with the funds you need to quickly close, whether it be for commercial or residential real estate investments or other requirements. If you are tired of hearing "No" from the banks, a private money loan may fit your present needs or investment strategy perfectly,
   Why us?
*Business Accredited by New York Department of Savings and Mortgage Lending (New York- SML)
*Free application and receive 48 hours approval and  Less than 1 week funding
*Business accredited by the New York Office of Financial Regulation provides regulatory oversight New York financial services providers.
*Loan Hard Copies mailed to you: Bonded Courier within 3 business days after application through FedEx .
* No up-front fees
* All at Best Available LTVs.
* Amortization & Terms up to 25 full years
* Speak to past and current references
*You haven’t got the best mortgage, if you haven’t called us,an advanced solution to your financial needs
* WE LOVE BROKERS!!!  We typically split points 50/50 with licensed brokers.
I'll always be available to answer questions throughout the lending process from beginning to end
N.B: Please send an email with your phone number before you call to allow me have a thorough over view about your scenario before talking to you.
Martin Reid (Direct loan officer)
Thank you for choosing RightWay Lending
Martin Reid (Direct loan officer)
Email: martinreid225@ ,
Call: 646-457-4286
Fax: 646-453-6438

To know more about Lender, terms, references and testimonials visit the websites-


RightWay Lending Customer Service address:424 Hunts Point Ave, Bronx, NY 10474
 'we are the detail people, 'Right terms, Right steps, Right loans',


© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service