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Updated over 8 years ago,

User Stats

49
Posts
9
Votes
Charles Kappe
  • Rental Property Investor
  • Plymouth Meeting, PA
9
Votes |
49
Posts

Private Lender Needed - Montgomery County, PA Deal

Charles Kappe
  • Rental Property Investor
  • Plymouth Meeting, PA
Posted

I am looking for a private money lender for a buy and hold project for a sober living home that I am considering a deal on. Details below:

Purchase Price: $149,900 motivated seller willing to negotiate

Closing Costs: $5,301

Rehab Cost: Not Needed (move in ready)

Expenses: $15,000 for initial operating costs ( I will give a full breakdown if needed )

Total Investment: $170,201

Neg. Terms: 10% ROI at interest only for 24 months. Will Cash out refinance within the 18 months of the term.

Monthly Payment: $1,418.34 for 24 months

Total ROI: $204,241.16

If you need any other information and are seriously considering, let me know.

Thank you,

Charles

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