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Updated about 8 years ago,

User Stats

35
Posts
53
Votes
Lonnie Freeman
  • Wholesaler
  • Columbus, OH
53
Votes |
35
Posts

Private Lending Opportunity with experienced investor/rehabber

Lonnie Freeman
  • Wholesaler
  • Columbus, OH
Posted

Hello all, 

My company, Blue Chip Development Group (www.livebluechip.com), has another property under contract and seeking funding for the project. 

We are an experienced team with over 60 fix and flips in the last 3.5 years, with almost all being retail flips (not rentals). The subject property today is in a small, historic neighborhood, where we've already completed and sold 4 other fix and flips, some even on this same street and 1 over, so we know the neighborhood, the housing construction, and the buyers/expectation very well. 

Details and numbers below - Comparable package, repair estimate, and deal analyzer available upon inquiry/request. Contact me for additional information and a full lending package.

Project Summary: Mostly cosmetic, kitchen, bathroom, flooring, and lighting/plumbing fixture upgrades. (house was totally remodeled in 2006 from studs up - plumbing, electric, HVAC, insulation, drywall, windows, roof, etc all permits pulled and inspections passed).

Purchase: $100k

Rehab: $50k 

ARV: $215k

-- Your investment will come with a promissory note and mortgage giving you lien position and will get recorded at closing.

Contact me for more details! [email protected] / 614-571-0910

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