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Updated over 4 years ago,
Commercial Hard Money lender
I wanted to see if there are any commercial hard money lenders that lend in Kentucky, Ohio, and Indiana. I have come across a deal that is a 13 unit apartment and the rent roll is $6,615 a month X12 ($79,380 annually). There is an upside because the owner is paying the water and all of the units are separate besides 3 units which are 1 bedrooms. The owner also pays the electric for 4 units because it can not be split. The mix is (9) 2-bedrooms and (4) 1-bedroom. If anyone could refer a commercial hard money lender that lend out for multifamily apartments 5+ units or greater it will be greatly appreciated.