WANTED: Private lender for a 4 house pkg in Rossville, Georgia!

[Ben Garrison]

Hi!

I have 4 single family rentals under contract and am looking at options for financing their purchase and renovation.  They're all together in a nice little village setting in Rossville, GA.  All are 2 bedroom / 1 bath, under 800sf.  They are all occupied, one of the tenants has been there since 2007!  Here are a few details, please message me with any questions:

Contract price:  $107,000

Renovation budget: $23,000 (All new roofs & gutters, HVAC replacement/repair for 2 units, plumbing repair, wood deck and exterior siding repair, tree trimming for several large trees on the property)

Gross rent:  $1,800/month  ($440,$450,$460,$460)

Property taxes:  $951 in 2016.  Property insurance is out for quotes now.

Strategy:  Buy, renovate, hold long term

I'm talking with a few local banks/credit unions about doing a loan. They have great terms but only go up to 80% LTV. I'm interested to see any options out there with a higher LTV. Let me know if you are interested in lending on this and I will answer any questions you may have.

Thank you,

Ben Garrison