Seeking Lender Specializing in Purchase and Rehab Funds for Commercial-Industrial

[Frank Pyle]

I am looking for a lender who specializes in providing funds for the purchase and rehabilitation of commercial industrial properties. Here are the details of the project:

Property Details:

• Total Area: 19,800+ sqft
• Zoning: Light Industrial
• Features:
  • (4) Overhead doors
  • 3-phase power
  • (2) Kitchen/common areas

Suites:

• Suite A: 8,000 sqft
• Suite B: 5,540 sqft
• Suite C: 2,736 sqft
• Suite D: 1,992 sqft

Financials:

• Existing Building:
  • Purchase Price: $320,000
  • Renovations: $80,000
  • After Repair Value (ARV): $550,000 - $600,000
• New Construction on Additional Acres:
  • Cost: $125,000
  • ARV: $350,000 - $400,000

If you are a lender or know of any lenders who can assist with this type of project, please reach out to me. Thank you!