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Updated over 1 year ago on . Most recent reply

User Stats

33
Posts
11
Votes
Darnell Robinson
  • Real Estate Agent
  • Oakland, CA
11
Votes |
33
Posts

14 unit RENOVATED APARTMENT deal NEED FINANCING. Suggestions please!?

Darnell Robinson
  • Real Estate Agent
  • Oakland, CA
Posted

Hi all, I've been trying to lock down my first deal and have come across a renovated, 14 unit building in Detroit. The initial price a few months back was $700k but the seller is motivated and is down to $520k. This would be my first deal and I've been searching for financing for the deal for the last few hours. Open to all lending opportunities DSCR, PML, HARDMONEY? I've attached the rough numbers the seller sent me and am waiting on an updated pro forma.

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