Financing for 10 Unit brownstone needing rehab

What is it worth and what kind of income do you have?

250k/yr

what is purchase price?
what is reno cost?
of the above, how much will be cash vs. loan?
how many units will it be post-reno?
is it an SRO? If so, do you have the CNH?
do you have any experience in this type of project?

Since it is vacant it will be tough for a bank to approve this. Hard money is the way to go if you can swing the monthly interest. Rates will be around 4 points and 14% interest, but you can be approved in a matter of days and potentially get close to 100% financing

I do not agree with Apt Boy. Anyone who needs to pay 14% interest should not borrow. Most developers of this type of property are funded at a much lower cost, which means they should be able to pay more for the house than you.

PH - Oh so silly, there are many people that pay those rates, and make money on flips in the process, before you speak, you should really do your research

I'd expect purchase to be about 1m and 500k rehab work. Rent greater than 10k/mo.

Anyhow, Anyone have hard data points? Actual recent transactions that they have initmate knowledge of.

Actual lenders, loan size, loan terms, etc?