destini
Jan 31 2006, 05:06 PM
Looking for help with this project.
Section 8 vouchers available.
75k earnest deposit / closing 30 days after winning bid.
no minimum bid
cosmetic's only
Looking for JV and or funding strategy.
Thanks in advance,
Destini
Commercial Lender
Feb 1 2006, 11:19 PM
"154 units, 20 buildings"
20 buildings total?
all on same title?
What the vacancy like?
is this a bailout or do u seek financing for third party?
Do terms allow inspection?
What the final bid submission date?
destini
Feb 2 2006, 03:15 PM
20 buildings / same title
Vacancy at the monemt is high do to foreclose process. Income at present is appx. 19k per month.
Projected monthly income is $131,880.00
Projected Annual Income is $1,582,560
Projected Annual Expense is $ 757,739
Not a bailout, a sale. And yes, any financing that can be arranged would be welcomed.
Inspections may be allowed.
Final bid submission date is 02/17/06
All cash - as is sale
This is an excellent investment property in Illinois