Hard money loan on a 5 unit multifam package?

[Ben Garrison]

Hi all, Big Ben here in Chattanooga, Tennessee. I'm about to go under contract on a 5 unit multifam package. 5 houses on 4 land parcels. They gross $2,400 / month. Assumed contract price at $150k. Looking for a 6-9 month loan that offers flexibility for us to rehab the units, and possibly sell the entire package, or as individual units. I have a construction partner experienced in this type of project, whose wife is a property manager. I'm the agent. With appreciation, Big Ben Stone Fort Properties

[Jimmy Moncrief]

@Ben Garrison - have you thought about using a LOC for the business and a HELOC?

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