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Updated over 6 years ago,
Seeking private money to fund short term real estate deal
Hello fellow BP's I am seeking advice, guidance and possible business partners to fund a short-term deal. I am located in Springfield, OH I currently have acquired 22 units over the past 18 months and as of July 2018 100% occupied utilizing the BRRR strategy. I am currently looking at commercial building with approximately 6.846 sq ft. Primary business is successful pawn shop that's been in business for over 30 years. The owner currently just wants to sell the real estate and negotiate terms in regards to renting the building for current pawn shop business. This building is in prime location downtown Springfield. I am seeking short-term investment 3-6 months with building and primary 1st lien until I refinance with my local bank. Right now just in preliminary talks until I can establish short term funding of the deal. Possible funding needed to secure is $180K with an estimated current value of $250K.