We own a 15 unit mixed use property in shell condition Free & Clear. The property is located in Philadelphia, PA. The plans/drawings for renovation are in place, as are the renovation contractors, and the long term take-out financing.
We are seeking short term (12 months) rehab financing in the amount of $540,000. The completed value of the property after renovations & stabilization should be around $870,000.
Seeking replies from DIRECT LENDERS only, please no brokers (we are also commercial brokers), and no JV replies.
I'm aligned with a direct lender, Acer Capital Group, and this sounds like it would be an easy loan to do. We fund all types of projects in both commercial and residential real estate sectors. We deal with private money so every deal is done on a case by case basis. Please email me for a generic rate sheet (baseline for projects) and see if we can move forward. Thank you. ACG website: www.acgcompanies.com
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