Purchase and rehab lenders

[Charles Becoat]

Hello I have a client who needs to do a purchase and rehab loan on a four unit property in New Orleans. FICO is 700+ purchase price is 80K and the rehab budget is 100K. ARV is around 300K. The client has experience with renovating one other property, has other properties they rent and is also a property manager.

[Emmanuel Blakemore]

Hi Charles, as Matthew as pointed out above, the deal will be priced aggressively due to the high rehab component. We can definitely take a look at it for you and offer some rough terms for your client. 

Thank you.