Searching for Short-Term Financing of 5-Unit Property in FL

[Robert Saunders]

Property Summary:

Location: Pompano Beach, FL

Contract Price: $240K (asking price: $350K)

Rehab: $175K (with contingency)

Units: 5

ARV: $500K

Requesting: 90% of PP / 100% of Rehab (open to negotiation on both)

Experience: First Deal (Masters in Real Estate Development; 5 years experience rehabbing units at work).

Exit Strategy: Hold for Rental (may flip if market dictates)

Buyer: Acquiring under an LLC