Seeking investor for multimillion dollar building in down town atlanta Georgia!

I have a building here in Down town Atlanta I am going to turn into a 77 room extended stay the bank is holding the first. I need 650k to buy the furniture and things for the year. I will put you down as a second to guarantee your funds. I can pay you back in one year when i refinance.

Property was appraised for 18 million.

only owe 6 million

The building is in perfect condition.

currently building is completely vacant its former use was dorms.

The only thing needed to be done is

carpet new doors and add kitchenettes.

Anthony Lewis


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The initial MAI appraisal that was done for our lender when we bought the building in June of 2008 was $18,600,000.  After the economic crash the building was reappraised in December of 2009  was for $9,500,000 vacant and $13,400,000 occupied.  The Bank has ordered another appraisal that should be completed in the next week or so but anticipate that appraisal to come in at $8,000,000 -- $8,500,000 vacant and probably $13,000,000 -- $13,500,000 occupied.  We currently have $6,800,000 in the property ($5,600,000 loan plus $1,200,000 cash) so there is positive equity even without a tenant.


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