Columbus, OH

$297,500

2-4 Units Residential

Residential Rehab

07/07/2020
Transaction by
Navigator Private Capital
Navigator Private Capital, a direct hard money lender based in Maryland, funded a rehab loan loan for a 4-unit multifamily property in the Southern Orchards neighborhood of downtown Columbus, Ohio. Our client is currently using the $151,600 repair budget to modernize the kitchens with all new appliances, countertops and finishes and completely upgrade each bathroom. With new flooring and paint throughout the house as well as a new HVAC system, each unit will be a welcoming sight for potential renters. With an estimated After Repair Value of $425,000, NavCap was able to fund 70 percent of the ARV. At the completion of the rehab, the borrower intends to refinance our short-term loan into a long-term rental loan. This hard money rehab loan was funded in July 2020.