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User Stats

4
Posts
4
Votes
Leigh Barger
4
Votes |
4
Posts

Seeking Private Lending for two projects

Leigh Barger
Posted

Hi! 

I have 2 deals that I'm seeking private lending on.  We are under contract!

One is a 32 unit apartment that we are converting to independent assisted living. No renovations needed. 

Other is a 12 month flip, purchasing for 1.1 and Appraisal ARV is 1.95

Happy to talk to anyone interested!

User Stats

3
Posts
0
Votes
Dennis Bettencourt
Pro Member
  • Real Estate Investor
  • San Jose, CA
0
Votes |
3
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Dennis Bettencourt
Pro Member
  • Real Estate Investor
  • San Jose, CA
Replied

It sounds like you have a great deal in your hands. I do think you mean you are converting it to Independent Living which works for apartments. Assisted Living does not work with 32 separate units. I have a source for private money loans here in California. I will check to see if they can fund deals in South Carolina.

  • Dennis Bettencourt
  • User Stats

    4
    Posts
    4
    Votes
    Leigh Barger
    4
    Votes |
    4
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    Leigh Barger
    Replied
    Quote from @Dennis Bettencourt:

    It sounds like you have a great deal in your hands. I do think you mean you are converting it to Independent Living which works for apartments. Assisted Living does not work with 32 separate units. I have a source for private money loans here in California. I will check to see if they can fund deals in South Carolina.

    Hi Dennis! Yes independent living! I am in SC but the property is in Ohio. My partner lives there! 
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    User Stats

    183
    Posts
    113
    Votes
    Ryan Stuckey
    • Lender
    113
    Votes |
    183
    Posts
    Ryan Stuckey
    • Lender
    Replied

    Hi Leigh, where is the flip project located? Charlotte?

    User Stats

    4
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    4
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    Leigh Barger
    4
    Votes |
    4
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    Leigh Barger
    Replied

    Bald Head Island, NC

    User Stats

    4
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    4
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    Leigh Barger
    4
    Votes |
    4
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    Leigh Barger
    Replied

    The $1.1 Million is in Bald Head Island, NC