Gap Funding Needed on Great Projects in the Twin Cities
We have two awesome properties that we are supposed to close on Friday, yes Friday 12/29 and we need to secure the gap for both of them. In addition we have a new property under contract to close on 1/15, with the holidays our normal sources for funding won't look at it until after the first of the year so leaves us short on time. Here are the summary details on the properties with the length of time we need funds. All projects are located in the Twin Cities in MN. We are open to discussing terms, we have all the paperwork ready for your quick review:
Project #1: (closing 12/29)
PP: $320,000
Repairs: $155,000
ARV: $615,000
Looking for $95,000 for 6-9 months.
Project #2: (closing 12/29)
PP:$370,238
Repairs: $203,660
ARV: $720,000
Looking for $120,000 for 6-9 months
Project #3: (closing 1/15)
PP: $203,000
Repairs: $84,371
ARV: $365,000
Looking for $290,000 total in 1st and 2nd position or if you are interested in fully funding.
Please see attached for one page summaries, full investor packages are available upon request.