[Red]

Client is looking for 20MM to buy 34 condos(currently occupied) which he plans to sell off individually.

I have a spread sheet with more info on the client.

The property is in Brooklyn NY

[abfunders]

That sounds like something a lender I work with can do, since their minimum loans are $10mm.
Rates are going to be 11/3 with a 2 or 3-year term with minimum 8 months in the deal.

Questions:
- How much money is the client willing to put into the deal? It's for sure going to need to be 25-30%. If it's any less, then they are looking for an equity partner, so you should move on to the next deal.
- Why would the client look sell them off? What's the profit on such a thing just to flip them and move money? Is it speculation on the market, and they need 2 years?

[rdgllc]

Client is looking for 20MM to buy 34 condos(currently occupied) which he plans to sell off individually.

I have a spread sheet with more info on the client.

The property is in Brooklyn NY

Sent you a PM

[B2csp]

Client is looking for 20MM to buy 34 condos(currently occupied) which he plans to sell off individually.

I have a spread sheet with more info on the client.

The property is in Brooklyn NY

Sounds like a quick easy deal if there are no more complications that you havent mentioned. I'll send you a DM

[Richard Gomez]

I have access to private equity lenders that offer interest only property loans for 5/7/10 year terms at 6/7/8 percent annually. Call me to discuss if you haven't found a home for the file. Commercial/residential/raw land, all 50 states: 917.600.5647