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User Stats

4
Posts
4
Votes
Leigh Barger
4
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4
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Seeking Private Lending for two projects

Leigh Barger
Posted Jul 13 2024, 09:34

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
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0
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Dennis Bettencourt
Pro Member
  • Real Estate Investor
  • San Jose, CA
0
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3
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Dennis Bettencourt
Pro Member
  • Real Estate Investor
  • San Jose, CA
Replied Jul 13 2024, 12:05

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.

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Leigh Barger
4
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4
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Leigh Barger
Replied Jul 13 2024, 12:09
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! 
CV3 Financial logo
CV3 Financial
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Sponsored
Fix & Flip | DSCR | Construction Loans Up to 90% LTV - Up to 80% Cash Out - No Income Verification - No Seasoning Requirements

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180
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111
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Ryan Stuckey
  • Lender
111
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180
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Ryan Stuckey
  • Lender
Replied Jul 13 2024, 14:25

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

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Leigh Barger
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Leigh Barger
Replied Jul 13 2024, 14:25

Bald Head Island, NC

User Stats

4
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Leigh Barger
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Leigh Barger
Replied Jul 13 2024, 14:27

The $1.1 Million is in Bald Head Island, NC