[Fundyman]

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.
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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.

[Mynameisbob]

Try Lima one

[Yankeeman07]

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 work work with a hard money lender that may be interested, but, I don't see a deal closing by December 31, 2019 with essentially 3 days this week and 2 next week . How current is the appraisal?

I also represent a mortgage company that funds ARV, but, again same situation, not much time to underwrite and close a deal.

Call me to discuss