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Updated over 1 year ago on . Most recent reply

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19
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Dustin Seager
  • Interior Designer
  • Tampa, FL
12
Votes |
19
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Looking for lender - package of 3 SFH in Florida

Dustin Seager
  • Interior Designer
  • Tampa, FL
Posted

Looking for a lender for a package of 3 SFH in Southwest Florida. Will require about $50k in cosmetic rehab. Seller is asking $585k for all 3 homes. Rental income around $5700-$6k total.

Interested in both traditional and hard money options.

  • Dustin Seager
  • Most Popular Reply

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    Robin Simon
    #3 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Austin, TX
    4,418
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    4,576
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    Robin Simon
    #3 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Austin, TX
    Replied
    Quote from @Dustin Seager:

    Looking for a lender for a package of 3 SFH in Southwest Florida. Will require about $50k in cosmetic rehab. Seller is asking $585k for all 3 homes. Rental income around $5700-$6k total.

    Interested in both traditional and hard money options.

     your best bet will likely be to go to a private lender that offers both the hard money option for the purchase and rehab and then also the long-term option once stabilized (save time/energy if you can just quickly refinance with the same lender)

    I recommend @Zach Edelman for this - does lots of both hard money and DSCR in Florida

  • Robin Simon
  • [email protected]
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