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Updated over 4 years ago on .
Crunching some lender numbers
Looking to purchase a quadplex for 250k. Cash flow - $545 / mo. And a cap of 9%.
Provate lender reached out to me with the terms of:
Interest rate - 8.5%
Origination cost - 2.5pts
Purchase price 95%
Rehab 100%
Closing period 7-10 business days
Not sure how good of a deal this is..any advice?