Refi or Sell?

[Tyler Gates]

Investment Info:

Large multi-family (5+ units) hard money loan investment in Conway, NH.

Purchase Price - $445,000
Renovation Cost - $90,000

Prior Rent Roll - $4,900
Current Rent Roll - $6,491

What made you interested in investing in this type of deal?

Already cash flowing asset with the potential to increase that possibility with a strategic value add approach to the entire building.

How did you find this deal and how did you negotiate it?

On market through a realtor -

Initial Ask 525K
Offer 425K
Counter 450K
Inspection Credit of 5K
Closed at 445K in Sept of 2022

How did you finance this deal?

Hard Money - 12% Annual, 2 Points Up Front

What was the outcome?

DSCR in progress, always open to selling to the right investor.