Updated over 3 years ago on . Most recent reply
Need suggestions on lenders..
I bought an 8 plex apartment building and financed with a local bank for 15 years just so I could acquire it ($105,000). Three apartments need major rehab and I would like to do the whole building inside and out. I want the tenants to be proud of where they live and I want to airbnb a couple of units also. I have started rehab on two of the apartments but am using up all of my money. It would take apx $120,000-150,000 to complete all of it. I would like to be able to finance it for 30 years after completion. Does anyone have lenders they have worked with that they would recommend? Property is in Southern Illinois.
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#2 Ask About A Real Estate Company Contributor
- Rental Property Investor
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Have you been in touch with Aloha to explore their loan options? I highly recommend them as they are an outstanding lending team we have used on many similar projects. @Kevin Hill
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