You are using the projected rental income from the subject property.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

In my experience, making on-time payments and making it clear that they are the first lender I am calling to fund a project have been necessary to building a strong relationship fast. 

This one was strange because I ended up splitting the companies and partners involved in the deal so we liquidated halfway through the project. 

Lots of folks are pulling out cash based on the appraised value for their next projects and holding for a few years to benefit from appreciation. 

I have spent the past 12 months as an independant contractor and wish to finance a project.

That being said, if you'd like to look at higher leverage on bridge/hard money financing for your next rehab project, I'd be happy to chat further. 

Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

It's a perfect winter project for me. 

How much cash flow negative are you projecting?