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Updated almost 3 years ago on . Most recent reply

Ormond Beach Florida - Commercial Lender
Looking for a commercial lender near Ormond Beach, Florida. Any suggestions would be helpful.
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Quote from @Scott Wolf:
@Kris Kaufman, specifics would be helpful. Purchase price, asset type, deal profile (value-add, NNN, stabilized buy and hold).
Hey Scott,
Strong sponsors who buy nationally based near Philadelphia. $2.1mil 1st story 20 unit motel purchase, 12 have kitchens. We will be installing kitchens in the remaining units and converting to longer term multifamily. 10 CAP after conversion. Only looking for acquisition financing 20-35% down.