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All Forum Posts by: Dave Goran

Dave Goran has started 1 posts and replied 1 times.

Classifieds

Post: 12 Unit Apartment building need refi / rehab loan $750k

Dave GoranPosted
  • Posts 1
  • Votes 0

Property address is 62021 Plaza Rd Joshua Tree CA 92252

Property had an as is value on appraisal from 4/2022 of $990k and a renovated value of $1,475,000

Property as is value now is about $1,100,000 and a renovated value of $2,100,000 based on current market rents

Construction renovation budget is approximately $350,000

Looking for a 1 year loan for $750,000  that would be in 1st position at an interest rate of around 9%

0 Votes
Joshua Tree, California