All Forum Posts by: Garreton Smith

BP

Fam,

I have a fix and flip deal in Yonkers, NY I’m raising capital. Looking to expand my network and connect with more investors. Would love for you guys to pass this around your networks. See the flyer attached. We have our own construction team, so everything is done in-house. Executive summary available numbers below let’s connect.

PP- 403K
Rehab - 130K
ARV- 700K

Hey, Bob are you familiar with the commercial estate space in Cleveland? I've been trying  underwrite some apartment buildings.

Hey, I have two deals that may fit this. What's your email?

@Eugene Neal  let’s connect my email is [email protected]

Hey BP Fam, 

Two opportunities are available. Looking for a lender who would like to park money into an asset and receive monthly winnings. 

7 Units Purchase 600K Rehab 100K ARV 950K+
11 Units Purchase 1M Rehab 175K ARV  1.5M+  

Private lender Term 2 Years (1 Year minimum) 8-9% Interest Only (Monthly or quarterly payments)

First position lien as security on the loan mailbox money every month 

Hey, I've been looking at apartment buildings in Syracuse, NY. I've built a pretty solid network up there let's connect.  

Haha Doug you’re correct. I received a term sheet for 13% the other day and I wanted to cry. That’s why I jumped on here to ask. Thanks 

Flip number 3 in the books! Renovations done and it’s finally listed. This project was special to me because I ran the construction site myself with my fathers supervision (He’s a GC with a company in New York) working alongside my father and his crew was eye opening! So many lessons learned and hacks picked up for the next project.

Location: Bronx, NY

Some numbers below

Purchase: 405K

Rehab: Under 100K

Listed for: $650K

Finance: Hard Money

Investors, what interest rates are you seeing for commercial bridge debt? Specifically multi family 1-2 year terms. 

Hey BP Fam, 

I have a fix and flip in the Bronx, NY looking for a private lender to bring the purchase price and rehab and looking to do a 10% interest-only loan. The deal is a home run, I have an executive summary, appraisal, title, and scope of work ready. My father's construction company (30 years + experience) will be doing the renovation. If you know anyone looking to deploy capital with a quick return let's connect. A breakdown will be given to any interested party. The lender will take the first position lien, backed by the hard asset. 

Projected timeline 6 months or less