Strip Mall Purchase in Reno

[Alex Robins]

I have a local real estate investor that would like to purchase a strip mall here in Reno, NV. Price is $1.87M. 6 suites with 3 currently leased. Customer would like to purchase and also borrow $110K for cosmetic rehab.

My investor has good credit, he says 790 score, but has not owned similar properties. His previous experience is in owning single family rentals and he currently has 3 of those. He is able to put up to 15% down on this strip mall.

Could you please tell me if there is financing available for this investor?

Thanks for considering this.

Alex Robins

[Anthony Neal]

Hi Alex.

Just read your post and I do have a great option for strip malls but it would be a bridge loan. Your investor would be looking at 18 to 24 months at 65% LTV on the purchase, then 100% financing for his rehab. The lender is located in California and offers funding in Nevada. If you are interested in going this route, please send me a PM so we can schedule a call to discuss this purchase.

Anthony

[WKL David]

When The Big Banks Can't Help, We Can!
Incredibly Fast Gig-Worker Funding, Small Business Capital, Customer Finance, And Payment Processing

DavidAllenCapital.com/ 102714544

Business funding has never been easier. Let's get started!

Step 1 - Apply
Complete our simple application. You will be done in minutes.
Step 2 - Link Bank Or Upload Statements
Depending on funding type and amount - you will be approved simply by verifying and linking your bank account - or by uploading your bank statements.
Step 3 - Receive Offer and Get Funded
With most funding, you will receive an instant offer on screen. With larger fundings and Lines of Credit- you will receive an offer via email within one hour to one business day.

Quick Funding up to $2M!
https://davidallencapital.com
( Funding for USA project clients ONLY below US2M Online Direct Application Website )

David
DavidAllenCapital Registerd Broker
https://davidallencapital.com