Seeking Lending Direction on Buy & Hold Property w/Rehab

[Frank Kosiba]

Good morning BP community. Looking for advice on how to structure financing for a deal I have under agreement. Background on me is 1 multi-fam in Boston and a vacation rental on Cape Cod - both cash flow positive since inception (almost 4 yrs). The home under agreement is a second home on Cape Cod, need to put into an LLC.

What I'm looking for specifically is to put 10% down on the SF home I have under agreement, finance in (using hard money or construction loan) the rehab and then cash out re-finance using ARV for 30 yrs. Or build in the rehab to the purchase price. Here are the #'s

Purchase Price $550k (originally listed at $669k)
Rehab $63k (4-5mos)
ARV $730k

Interested to hear how folks would structure a deal like this or if any lenders want to chat. Let me know what, if any, details I'm missing.

[Tarik Turner]

The numbers on this one aren't the greatest it maybe tough to get something with only 10% of the purchase price as a down payment you are pretty close to 85% of the ARV with total costs. Most Hard money lenders like to stick to around 70% to 75% of the ARV and many of them don't like to exceed 90% of total costs