SEEKING PRIVATE MONEY FOR THIS DEAL: Louisville Portfolio (100% Off Market / 76 units / 7 buildings / distressed with value add)

7 buildings (76 units total) all located in the Norfolk apartment community *rehab & reposition *Value add 


Asking price $1.5M 

Please review attached rent roll and photos. 

I have several recent sales comps ($35k - $40K per door appraisal value).
Here's my scenario...
$1.2M purchase price (can go to $1.3M easily)
$400,000 rehab required
= $1.6M needed
$33,000 per unit after rehab value (easy, conservative, based on old appraisal from last year) 
= $2.5M after repaired value!
After rehab refinance / stabilization...cash out refi!
$2.5M x 75% LTV = $1,875,000
I have media, rehab estimates / summary, comps, current rent rolls, YTD financials in hand.
Any private money interested in a direct JV? Please email me directly LukeFlint@gmail.com (also check out my website LazarusCommercial.com)
Thanks,
Luke J. Flint
502-744-6399
LukeFlint@gmail.com

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Good afternoon, We can help you. Please you contact me at your earliest convenience at 717-245-855.

You can reach my partner as well:

Courtney Lawrence

Funding Specialist | The Business Finance Store


200 E. Sandpointe Ave Suite 750| Santa Ana, CA 92707 

Phone:  (949) 777-5509 | Fax:   (949) 309-2731

Website: financeneeds.com/7397

Email: courtney@businessfinancestore.com

Sincerley,

Finance Specialist

Felix Lopez

If you are looking for a straight forward no 'black box' required non-owner occupied residential loan, I work with lenders that can either go as low as 500 Fico or straight asset based.  We can do Acquisition & Renovation and Cash-out Refinance.  No upfront fees.  Deal just needs to make sense. Email me for Terms.  OffMarketRealEstate@gmail.com

I have a commercial lender looking to place $18mm in September

If you are looking for a straight forward no 'black box' required non-owner occupied residential loan or asset based commercial loans, I work with lenders that can either go as low as 500 Fico or straight asset based. We can do Acquisition & Renovation and Cash-out Refinance. No upfront fees. I've been working in real estate, lending and venture capital for 13 years. I have helped finance over $40mm in real estate.

DEAL JUST NEEDS TO MAKE SENSE.

RESIDENTIAL terms range depending on property, location and borrower:
-Residential Asset based to non-prime lending w/min of 500 Fico
-65%-75% LTV
-Acquisition/Renovation 4-6 months
-Cash-out Refi 3yr
-10% - 12% rate

COMMERCIAL:
- 65% LTV on cash flowing properties (exceptions for great deals).
- 60% LTV on all non cash-flowing properties (raw land may be an exception).
- Min. loan amount $1.5 M, max. loan amount $10 M.
- Terms range from 3 months to 18 months with extension available.
- Can fund with-in a 7 to 14 day period.
- Purchases, refinances, construction, rehab, cash-out, etc
- Asset based


To get specific terms go to our website and fill out a Loan Summary Sheet. wwwProvidentMng.com

or email me OffMarketRealEstate@gmail.com

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