Need Financing Immediately for Commercial Multifamily property in Dallas $$$
I am trying to buy a property on Tuesday for ~$500k from Auction. Details are below.
I need 125k - with 1200/mo payment OR 500k - with 4800/mo payment.
Obviously the later would be best and we could even go to slightly higher percent. (up to 8% 15year fixed perhaps?!)
The kicker here is I need this available by this Tuesday April 4th. Can you help me? Call Text or Email if this is something you can do. Thank you.
Devin Boyle
469-585-4969
Asset
24 Unit Low Income Apartment Complex - Fully Leased
Existing USDA Rural Financing ?
Existing Property Management Group
Liability
Mortgage - $500,000 at 6% fixed 15yr term
Income
Minimum - $11,000/mo in rent
Maximum - $13,200/mo in rent
Annual - $132,000 to $158,400
Expense
Mortgage - $4,800/mo
Property Tax - $5,800/yr
Property Ins. - $1,500/yr
Liability Ins. - $2,400 to $10,800/yr
Management - $1,500/mo
--------
Total Monthly Income - $11k to 13.2k
Total Monthly Expense $7,100 to $7,800
--------
Total Cashflow Monthly - $3,200 to $6,000
NOI: $112,000/yr - $140,000/yr
Annual ROI Approximately - 38k to 72k
Cap Rate: 22.48% - 27.76%
I am trying to buy a property on Tuesday for ~$500k from Auction. Details are below.
I need 125k - with 1200/mo payment OR 500k - with 4800/mo payment.
Obviously the later would be best and we could even go to slightly higher percent. (up to 8% 15year fixed perhaps?!)
The kicker here is I need this available by this Tuesday April 4th. Can you help me? Call Text or Email if this is something you can do. Thank you.
Devin Boyle
469-585-4969
Asset
24 Unit Low Income Apartment Complex - Fully Leased
Existing USDA Rural Financing ?
Existing Property Management Group
Liability
Mortgage - $500,000 at 6% fixed 15yr term
Income
Minimum - $11,000/mo in rent
Maximum - $13,200/mo in rent
Annual - $132,000 to $158,400
Expense
Mortgage - $4,800/mo
Property Tax - $5,800/yr
Property Ins. - $1,500/yr
Liability Ins. - $2,400 to $10,800/yr
Management - $1,500/mo
--------
Total Monthly Income - $11k to 13.2k
Total Monthly Expense $7,100 to $7,800
--------
Total Cashflow Monthly - $3,200 to $6,000
NOI: $112,000/yr - $140,000/yr
Annual ROI Approximately - 38k to 72k
Cap Rate: 22.48% - 27.76%
Lets make a deal!