All Forum Posts by: Sherri D.

Hello,

I have a 12-unit property with a purchase price of $375,000 that I am seeking a $105,000 loan to be used for down payment funds and project contingencies. This would be a 6 month loan, 2nd lien position, 12% APR, interest only payments regardless of prepayment with a 10% equity payout up to $1,500 at refinance.

The calculated ARV for the property is $702,000 and needs rehab of $37,500.

If interested I have a more detailed loan proposal prepared, complete with profit & loss and cash flow statements. For this and to answer any additional questions, please email me at [email protected], or reply to this post.

Thank you!!

Hello,

I have two projects that need funding, here they are in order of importance:

1) I own a 4-unit building in need of immediate refi. Loan maturity date is 12/29/16. Loan balance is $110,200. Calculated value of building $163,600 based on NOI and area cap rate. I am seeking a 12 month (or longer) loan. Property is 100% occupied and cash flows well. Due to timing I am looking for a private lender that sees the value in the project and is looking to put their own money to work. My exit strategy is to refi into a 30 year mortgage after 12 months.

2) I own another 4-unit building in need of $30,000 of rehab. Calculated ARV of building $148,200 based on NOI and area cap rate. This loan only needs to be 3-6 months max. Property is 25% rented due to needed repairs. Plan is to rehab and rent the remaining units then refi into a 12 month or longer loan.

I am willing to cross collateralize both buildings together as well.

If interested please contact me ASAP at [email protected].

Thank you!

Sherri Duncanson

p.s. One of my previous projects I posted on here was funded! Thank you BP!

I own a 4-unit building that has a $30,000 rehab budget I am seeking funding for. Right now there is one tenant. I need to rehab the remaining units before putting other tenants in the building. The ARV of the building is estimated to be $116,500. The rehab should take approximately 4-5 weeks, and another 4 weeks to rent the units. I am seeking a 3-6 month loan for $30,000.

If interested please contact me ASAP. I would be happy to answer any questions and provide a profit & loss and cash flow statement.

Thank you!

Sherri Duncanson

Don't I know it!

Hello,

I own a 4-unit 100% occupied cash flowing building that I need to refinance ASAP. I need a $50,000 loan as gap financing, to be secured by other property I own, plus interest in this 4-unit as well. Terms and interest rate negotiable, but would like at least 6 months. Current loan maturity is 12/29/16 so would have to happen fast.

I have rent rolls, as well as any other application information available upon request. Please contact me at [email protected] if interested.

Thank you!

Sherri Duncanson

Hello,

The loan maturity date for a property I need to refinance is 12/29/16. It has a calculated value of $163,600 based on the NOI and cap rate. The current loan balance is $110,200. I am searching for a 70% LTV or higher loan. The property is a 4-unit building, 100% occupied and cash flowing very well.

ALSO

I have a property under contract that needs to close in 7-10 days for $105,000, that is 57% LTV. This property is a 5-unit building where I already rented 3 of the units in 20 days. They are set to move in after close. The other 2 units should be rented in short order. I also have $15,000 to put down on this project as well.

If interested please contact me ASAP at [email protected]! I have detailed loan proposals complete with profit & loss and cash flow statements available.

Thank you!!

Sherri Duncanson

Hello,

I need to refinance a property I own that has a calculated value of $163,600 based on the NOI and cap rate. The current loan balance is $110,200. I am searching for a 70% LTV or higher loan. The property is a 4-unit building, 100% occupied and cash flowing very well.

ALSO

I have a property under contract that needs to close 12/20/16 for $105,000, that is 58% LTV. This property is a 5-unit building where I already rented 3 of the units in 20 days. They are set to move in after close. The other 2 units should be rented in short order.

If interested please contact me ASAP at [email protected]! I have detailed loan proposals complete with profit & loss and cash flow statements available.

Thank you!!

Sherri Duncanson

Hello,

I need to refinance a property I own that has a calculated value of $163,600 based on the NOI and cap rate. The current loan balance is $110,200. I am searching for a 70% LTV or higher loan. The property is a 4-unit building, 100% occupied and cash flowing very well.

ALSO

I have a property under contract that needs to close 12/20/16 for $105,000, that is 53% LTV. This property is a 5-unit building where I already rented 3 of the units in 20 days. They are set to move in after close. The other 2 units should be rented in short order.

If interested please contact me ASAP at [email protected]! I have detailed loan proposals complete with profit & loss and cash flow statements available.

Thank you!!

Sherri Duncanson

Yes, I have. I have not found any yet. I just need a loan for about $7,000-$8,000 and own land worth $15,800.

Hello, anyone know anyone that would provide a loan with vacant land as collateral?