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Updated about 2 years ago on . Most recent reply

User Stats

46
Posts
29
Votes
Jemma Jacques
29
Votes |
46
Posts

Commercial loan needed to buy and fix up apartment building

Jemma Jacques
Posted

Hello,

I am in escrow on a building in North Memphis and need to get a loan to buy the property and fix it up, can anyone point me in the right direction please of a good lender for this? someone who is quick is ideal since I am already in escrow. Alternatively a personal loan to buy the building and then I can fix it up down the road since it is a historical building and I might need time for all that process and getting the tax credits, I have 50% down payment and excellent credit, 
Other option is to get some type of portfolio on loan based on my other investment properties?

Thanks

Thank you

Jemma

Most Popular Reply

User Stats

1,569
Posts
184
Votes
Simmy Ahluwalia
  • Lender
  • Atlanta, GA
184
Votes |
1,569
Posts
Simmy Ahluwalia
  • Lender
  • Atlanta, GA
Replied

What's the actual purchase price, rehab amount and ARV?

  • Simmy Ahluwalia
  • Loading replies...