Multi-million dollar Malibu rehab and flip opportunity

Our firm has an opportunity to purchase a bank-owned property in a high-end Los Angeles area Malibu community where the comps are presently in the range of $10million-$18million.

We have a strong banking relationship that will allow us to purchase a particular property in this area for approximately $3million.  
The property will need approximately $2million in rehab prior to re-sale.  
After rehab, the property can conservatively be re-sold for a minimum of approximately $9.9million as a fire sale and could realistically command a double-digit offer.
We are seeking a JV partner or an investment source who is prepared to loan us 50% of the future value as this will allow us to cover all rehab costs, etc...  We are not looking for brokers or standard 60-70% CLTV deal terms.

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Dr. G,

I would love to have a look at this, Im a broker at Eastern Union Funding, we finance commercial properties. We work with over 50 lenders nationwide and close about 250 million in loans a month.

If you can send the summary over to lpollack@easternuc.com I will look it over and let you know what value we can add and what we can offer.

I will have feelers within a day.

I look forward to working with you.

Best,

Leah

Hi Leah:

Thanks for your reply.  Our primary objective is identifying a JV or investment source who is willing to loan us 50% of the future value.

Feel free to contact me if your firm can make that happen.

Hi Dr,

Marc Simpson with Peak Choice Capital. We may be able to provide financing once we receive more details about the property. Our turn around time is fairly quick the property is in one of our highly favored markets. Feel free to send more information directly to me or feel free to call our office to further discuss the deal.

Best regards,

Marc Simpson

Hi Marc:

Thanks for your reply.  Our primary objective is identifying a JV or investment source who is willing to loan us 50% of the future value.

Feel free to contact me if your firm can make that happen.

Based on the information this seem like a transaction our investors would be interested inhe CLTV falls below the max allowed. If you have a package put together send it to commercial.privateorhardmoney@gmail.com. I can provide a quick answers and fast cosings. Also you can contact me to discuss.

 

John Broussard

Newbridge Investments

713-777-9996 Ext 103

Hi John:

Thanks for your reply.  Our primary objective is identifying a JV or investment source who is willing to loan us 50% of the future value.

Feel free to contact me if your firm can make that happen.

We can base the loan off of the after completion value.

Hi David:

Thanks for your reply.  Our primary objective is identifying a JV or investment source who is willing to loan us 50% of the future value.

Feel free to contact me if your firm can make that happen.

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