[rickrndcapital]

Can do 400K with 125K reserves, but I can get a seller carry for $175, if you allow, and I do a 350K cash in, which would give me more room for any loan short payments for the first few months while we get it to 100% occupancy. I would also like to do other stuff like change all 54 windows at aprox 25K, outside of the rehab budget.


That way I would only need $1,500,000 loan (70% LTP)
As I have a seller credit of 25K for missing appliances and stuff.


$2,050,000
- 25,000. Credit for missing appliances
_________________
$2,025,000
175,000 seller carry back
___________________
$ 1,850,000
$. 350,000. cash down
_______________
$ 1,500,000


If this is ok with you...that will just give me more reserves for rehab (200K) for reserves
As this is a very safe position to make sure all loan payments are made, plus incase of unforeseen circumstances.

[rickrndcapital]

Credit Score is 780+ I am the broker for the deal

[PBFLLC]

LTV looks a little high on the surface, but we would be willing to help with this. We are NOT direct lenders. We are also brokers, just to be clear. If you would like to discuss, just message, call, or email me. Have a great day!

[Byxentech]

Sounds like a solid opportunity. Is the bridge loan needed for purchase only or purchase plus rehab?

[Jstarr]

sure - this is something we can assist with.

[GPS Capital]

Can do 400K with 125K reserves, but I can get a seller carry for $175, if you allow, and I do a 350K cash in, which would give me more room for any loan short payments for the first few months while we get it to 100% occupancy. I would also like to do other stuff like change all 54 windows at aprox 25K, outside of the rehab budget.


That way I would only need $1,500,000 loan (70% LTP)
As I have a seller credit of 25K for missing appliances and stuff.


$2,050,000
- 25,000. Credit for missing appliances
_________________
$2,025,000
175,000 seller carry back
___________________
$ 1,850,000
$. 350,000. cash down
_______________
$ 1,500,000


If this is ok with you...that will just give me more reserves for rehab (200K) for reserves
As this is a very safe position to make sure all loan payments are made, plus incase of unforeseen circumstances.

Hey this is a deal that looks interesting for a hard money lender who focuses on loans of 1 million plus https://bridgeloan.gpscapllc.com/