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Updated 26 days ago on . Most recent reply

Charles Becoat's profile image
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Charles Becoat
  • Investor
  • from Chicago, Illinois
  • Member since Jul 14, 2017
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Charles Becoat's profile image
Charles Becoat's profile image
Charles Becoat
  • Investor
  • from Chicago, Illinois
  • Member since Jul 14, 2017
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Charles Becoat
  • Investor
  • Chicago, IL
6
Votes |
15
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Mortgage Brokers & Lenders

Purchase and rehab lenders

Charles Becoat
  • Investor
  • Chicago, IL
Posted

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.

New Orleans, Louisiana
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Emmanuel Blakemore's profile image
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Emmanuel Blakemore
  • from Miami, FL
  • Member since Oct 17, 2024
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Emmanuel Blakemore
  • from Miami, FL
  • Member since Oct 17, 2024
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Emmanuel Blakemore
  • Miami, FL
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Emmanuel Blakemore
  • Miami, FL
Replied

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.

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