4-unit property under contract for 37% LTV/ARV!

[Sherri D.]

Hello!

I have under contract a 4-unit apartment building in Michigan, purchase price $11,000, rehab estimate $29,892 with a BPO ARV of $103,500 and a calculated ARV using the Income Comparison Approach of $121,400. I'm seeking a loan for $45,000 for the purchase and rehab of this building for 90 days at 12% APR with an equity payout on the back end as well. I have a complete proposal complete with key information, projected profit & loss and cash flow statement available upon request. If interested please contact me at [email protected].

Thank you!

Sherri