80% LTV Hard Money Loans for Multi-Family Units

Views: 137

Comment

You need to be a member of Real Estate Finance to add comments!

Join Real Estate Finance

Comment by ASHOK DHARIA on February 2, 2014 at 1:51pm

Dear Barbara,

I am ah with v a broker/avfinancial svcs. looking for $700k private funding. this is for rvs and trailer park in west tx.

making 20 to 25% cap rate and at present 4 acres developed 30 spaces with 20 trailers and 5 spaces ,stay full year around .Revenue: $240k to 260k net $171k/ 2013 and $100k/2012 (11 months ,started in feb'12) anoter 4 acre future development 50 spaces will increase $25k/m totl revenue will be: $600k/year and net$400k

park selling for $700k and construction cost for 50 spaces $250k

see if you can line up $650k for 5 yrs amortization 30 yrs (Balloon 5yrs)

we have 750+credit and financial$2.5million

let me know,demand for residential more and supply not ? crystel city,tx (100 miles north of laredo and sw of san antonio.

my e.mai:ashdharia@hotmail.com

thanks

from ash dharia

 

 

© 2022   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service