I need hard money lending for 1 year term

[Michael Gertz]

Hello Friends

I have multiple properties under my belt that i have self funded but would like to move forward with another property that I am about to acquire a property in Montclair NJ that requires rehab.

List price 199,000  - Offer in negotiation but probably will be at market due to high demand in this space.

Rehab costs 65K

ARV ranges from 300,000 - 350,000

Rental CAP is 9% based on the two family generating a low end 3600 per month

I am putting 10% my own money so looking for 90% funding and I am looking for hard money lenders who can cover the other amount.

This is my first time around looking for this creative funding opportunity - can anyone help advise what my expectations should be and where I can find helpful resources?

Thanks!