We have a good opportunity for a lender to help purchase that we are going to flip. We have a first lien lender who is lending on 90% of the purchase and 100% of the rehab. Were are looking for 25k to cover the remaining 10% of purchasing, closing costs and a few months holding costs.
12th st in Akron, OH
Purchase 70K
Rehab 30K
Gap funding needed. 25K
ARV 160K
Rehab should take 1-2 months, then it will be listed on the MLS for sale. Great first time home buyer opportunity.
The property is in good shape in the Kenmore neighborhood in Akron. It needs painted, new kitchen and bath, LVP flooring, as well as smaller miscellaneous items.
We can be flexible on the loan terms. We would need the gap financing for 4-6 months. Interest rate can be flexible. Thanks for looking.
Please send me all the details, the deal proposal, and any specifics like personal financials. gallidom21@gmail.com