Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 3 months ago on . Most recent reply

User Stats

87
Posts
42
Votes
Cory St. Esprit
  • Investor
  • Pittsburgh, PA
42
Votes |
87
Posts

Laundromat/Mixed Use Remodel

Cory St. Esprit
  • Investor
  • Pittsburgh, PA
Posted

I am owner of a building in a Class C City in western PA. We are working on finishing rehab on the apartments (a 1 bed 1 bath and a 2 bed 1 bath) and are working to turn the bottom floor into a laundromat. We are seeking a line of credit or remodel loan on the building to finalize the project. The building is worth $160,000 and we don't have any loans on it. We are seeking about $100,000 in working capital or a LOC for this project. Looking for a business loan that's not on a 1 year payback like most hard money. Maybe minimum 5 years?

Loading replies...