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  #1  
Old 06-27-2006, 10:32 PM
capital99
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Post rehab loan

The property is a row house in a favorable suburb of Philadelphia. After-Repair Value is around $130,000, according to local realtors. I am purchasing the house for $66,000 plus a creative financing deal for the seller. It will cost about $13,000 to bring the house to top-notch condition -- rehab items include porch repair, brick pointing, plumbing repair, new kitchen cabinets and a new heater.
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Old 08-30-2006, 01:33 PM
r8rpwr
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We were able to get a favorable rehab loan late last year for a foreclosure that we bought. It was a 6 month balloon; we considered selling at the end of it but ultimately we decided to refi and keep the property for awhile at least.
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Old 09-14-2006, 06:41 PM
breedsbuilding
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would you guys mind letting me in on the mortgage company you go through to get your rehab loans or there website so i could get more info
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  #4  
Old 04-26-2007, 06:45 PM
jfsjd
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Default Hard Money Loan Philadelphia - Joel Soforenko

I am a mortgage broker working with two lenders. Up to 70% after completed value including purchase of the property. If qualified, no borrower contributions.

Contact me for more informtation.

Joel Soforenko
Continental Finance
Springfield, MA
Tel 413-525-8500
Eml jfsjd18@gmail.com














Quote:
Originally Posted by capital99
The property is a row house in a favorable suburb of Philadelphia. After-Repair Value is around $130,000, according to local realtors. I am purchasing the house for $66,000 plus a creative financing deal for the seller. It will cost about $13,000 to bring the house to top-notch condition -- rehab items include porch repair, brick pointing, plumbing repair, new kitchen cabinets and a new heater.
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