Seeking 100% financing for a first position

[Christine Jeffers]

Property

- Purchase price: $1,500,000

- Rehab: $484,000

- ARV: $3,400,000

- Exit strategy: Refi in 16 months, cash out 75% of ARV to pay off debt partner

- Mixed-use, commercial floor plate with residential units above 

- Washington State

- We are seeking $2,000,000 for the purchase and rehab of a mixed-use investment property

- We are seeking 100% financing with the exception of earnest money we have deposited in the amount of $50,000

- We are under an extremely tight timeline

- We are seeking a cash or equity partner - this could be secured in a first position on the property or through an equity agreement

- To be transparent, we are highly experienced in commercial real estate and construction for our clients, however, this is our first purchase as a company. We do not have a lot of cash and our financial statements do not show well. Numbers on the property are solid. We are purchasing the property at below market value.

- Instant equity = security. 

- Value Proposition: I will make you money. 

Thank you.