Results 1 to 3 of 3
Threaded View
-
12-22-2019, 05:04 AM #1
Need Investor Who is Familiar w/ Boston Real Estate & Knows What's Happening Now
URGENT:
I need a private investor/lender who understands the Boston area and what's currently happening in that market so I don't have to explain something as though it's a suggestion when, in fact, it's an opportunity. I have an urgent project as follows:
Condo conversion rehab loan project on 3-unit oversized victorian apartments & one convertible basement where ARV is $2.2 million; no less.
Issue: Current loan is now due for $800,000 balloon, & that lender needs to be taken out before January 3rd (he won't extend).
Current property value $1.3 million (appraisal can be made available upon request)
Renovation budget $750,000.
--------------------------------------------------------------------------------------------------------------------
I also have a purchase as follows:
Purchase + Rehab loan project for $800,000 where borrower seeks to put 15% down on 2-unit property (already has $40,000 deposit made).
Seeking additional $700,000 construction costs to convert the property into a 3-unit apartment. All 3 units will be converted to legal condos, where the conservative sale price per condo is $650,000.
Similar Threads
-
Real Estate Investor MCA
By Djhouse995 in forum Deal BinReplies: 3Last Post: 10-14-2019, 12:29 PM -
Real Estate Investor / Fix and Flip business
By JVD6905 in forum Deal BinReplies: 2Last Post: 03-13-2019, 10:33 AM -
Phoenix Real Estate Investor Needs $1mm
By GIGATT50 in forum All Other LendingReplies: 3Last Post: 09-22-2018, 11:07 AM -
Phoenix Real Estate Investor Needs $1mm
By GIGATT50 in forum Deal BinReplies: 2Last Post: 09-01-2018, 12:31 AM -
Hard Money For Real Estate Investor
By jpos in forum Deal BinReplies: 4Last Post: 11-19-2014, 09:12 PM