Refinance hard money for Condominium project $3m, 60%ltv

[Debbie Weatherford]

This is an existing condo project, 60 units.  It was converted from apartments to condos.  There have been 11 sales and thr project was recently FHA approved and sales are picking up.  The recent appraised value of the project is $4,950,000.  We are looking for a $3m loan with releases as sales close.  100% of net proceeds from sales would go to pay down the loan.  With current sales we would estimate that the loan would be paid off in 12 to 18 months. Please direct lenders only.

 

Thank you,

 

Debbie Weatherford

Edgewater Funding Inc.

[e-mail]

[Vernon Tryon]

Hello Debbie,
I work directly with Lenders NO Up Front Fees,
How much cash or equity have you put into this property?
I like more information about this property.


Vernon..

[Bill Evans, CREPIG Advisor]

Debbie,
I sent you a private message as well. Hope to hear soon.

Bill Evans