All Forum Posts by: Kris Kaufman

 5-year balloon, 20-25 year amortization 

 Hey Scott,

Strong sponsors who buy nationally based near Philadelphia. $2.1mil 1st story 20 unit motel purchase, 12 have kitchens. We will be installing kitchens in the remaining units and converting to longer term multifamily. 10 CAP after conversion. Only looking for acquisition financing 20-35% down.

Looking for a commercial lender near Ormond Beach, Florida. Any suggestions would be helpful. 

 Do you lend in Ormond Beach?

@Austin Smucker I'm from Lancaster and I'de be glad to get a coffee sometime and discuss real estate! Let me know.

Is this still available?

Please PM on this, I have interest. 

3bd/1.5ba near Pottsville, PA. Would make a great rental at $800/m. ARV is 65k, needs 15-20k to flip.

Moshe,

Is this the property on S. 6th Street? Interested if you followed thru?

We are looking for a strong co-sponsor on an office building in downtown Lancaster PA. Acquisition price of $2.3mil. We have the equity, but need a co-signer with strong cash flows. The building consists of 30 tenants (mostly lawyers) near the county court house. Half the rents are severely under market. Strategy would be to get in and out within 3-5 years once rents are raised. Market rents range from $14-16sqft. If rents were raised up to $10sqft (gross) and the building was sold at $3.2mil (7CAP), the co-sponsor would receive approximately $60k over a 5-year term per 5% stake in the LLC. These are estimates and not a guarantee of return. Let me know if you have interest and I can send you the current actuals.