Nov 4 • General discussion
401 MLK is Finished!
We're getting ready to refinance this deal.
Lender is getting their $250K plus interest (no monthly payments).
We're borrowing $300K (cash received at closing $50K minus closing costs).
Cost to build was around $260K.
Cost of the land was around $40K.
Equity capture is high five-figures, close to six-figures.
Build 2 Rent,
Juan-
9
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401 MLK is Finished!
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