Looking for funding on a great property 65% ARV

[Fernando Arriola]

The property location is in an up and coming area. It was listed for $115K and got it under contract for $80K closing is schedule for no later than 9-4-17.

The estimated cost of rehab will be $169,454 this includes 15% contingency

The loan we are requesting is for $252,000 and it will be paid off at the sale of property. The LTV of RAV is 65%

The rehab of the property will take up to 4 months to rehab and 1 month to sell The houses in the area were sold between $240 to $285 per SF, the property has 1,700 SF of living space, we want to be conservative in our estimates so at $229.40 per sf the property can be listed for $390,000 and thus get multiple offers and move the property quickly. That will give us about $100,000 in gross profit after paying the loan, interest payments, real estate broker fees and closing costs .

[Greg Downey]

sounds like a killer deal. What type of financing are you looking for? My network of lenders may be able to help. If your are interested, visit the website in my signature and drop in some basic information and we should be able to get 3 proposals infringe of you within 24 hours.