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Updated over 1 year ago,
Financing for 7-Unit Acquisition
Hello all - I am under contract for a 7-unit property in the Chicago area and am looking to finance the property using a construction loan and a supplemental hard money loan to cover some of the remainder of the acquisition costs.
The property is well kept and in solid condition, but units could certainly use some modernization.
Purchase Price - $450k
Construction/Rehab Costs - $100k-$150k
Please let me know if anyone might know of a good contact to reach out to for either source of capital.
Thanks in advance!