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Updated almost 2 years ago on . Most recent reply

Devin Fakner's profile image
Devin Fakner's profile image
Devin Fakner
  • Investor
  • from Mansfield, TX
  • Member since Dec 3, 2019
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User Stats

36
Posts
20
Votes
Devin Fakner's profile image
Devin Fakner's profile image
Devin Fakner
  • Investor
  • from Mansfield, TX
  • Member since Dec 3, 2019
Connect
Devin Fakner
  • Investor
  • Mansfield, TX
20
Votes |
36
Posts
Creative Real Estate Financing

Searching for Private/Hard Money Bridge/Cashout Lending for STR Project

Devin Fakner
  • Investor
  • Mansfield, TX
Posted

Searching for private/hard money lending options for a Beach House AirBnB deal in Galveston, TX. Wanting to pull as much equity back out of deal while I await to refi again when rates drop.

- Purchase Price: $890k

- Purchase Date: 10/14/2022

- Amount Financed: $667k

- Rehab Cost: $125k

- Est. ARV: $1.1mil

- Rehab Completion Date: 3/10/2023

- Desired LTV: 80-85%

Houston, Texas
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