Renovated 14 Unit Building in Detroit. NEED FINANCING ASAP

[Darnell Robinson]

Hi all, I've been trying to lock down my first deal and have come across a renovated, 14 unit building in Detroit. The initial price a few months back was $700k but the seller is motivated and is down to $520k. This would be my first deal and I've been searching for financing for the deal for the last few hours. Open to all lending opportunities DSCR, PML, HARDMONEY? I've attached the rough numbers the seller sent me and am waiting on an updated pro forma.

[Travis Biziorek]

Darnell, I'd highly advise proceeding with caution here. This screams D Class garbage all day long to me. 

I own 12-doors in Detroit and help investors get started there all the time. I can tell you right away this is likely a very bad deal. Happy to connect and give you some quick feedback on it if you'd like though.