Looking For lenders for a couple projects. Let me know if you can recommend someone or can lend on either or both of the following projects.
Location 1: Rural Branson Area
5 duplexes on one plot (10 units total)
i have owned these for the past 3 years, its time to do some much needed cosmetic updates and get more rents.
I have not had any issues keeping these units occupied at 850 a month.
Numbers:
Owe-528k
Rehab-175k
ARV- 1.25m
Who can lend on the rehab and who can lend on a cash out refi after?
Project 2:
Location- Hermann MO
We are building out a 40,000 sqft existing building into 35-40 multi family units. Already got zoning changed and preliminary with project approval. I do have a couple loan offers on this.
Numbers:
owe-180k
rehab-3m
Arv- 6m
Thanks
