Seeking Rehab Loan for Master Leased 6 Unit Apartment

[Nico Cordova]

Hello,

I have a long term master lease on a 6 unit apartment in Pueblo, Colorado. Once it is rented it will be a cash flow cow. The breakdown of the building is 4 studios and 2 one bedroom units. Market rents range from 550 for the studios to 650. This is a very conservative estimate because rental demand is very high. Especially lower income housing. My holding costs include $500 rent per month, insurance, and taxes. I intend to rehab the property to give an updated appearance. Exterior paint, roof, windows, doors, some xeriscaping, and minor cosmetic updates in each unit (carpet, paint). Estimated rehab cost is $50k. Does anyone have experience with this type of situation? I am interested in learning my options. Thanks in advance for your response!