Miami Single Family Deal Opportunity for Investor/Lender

[Marcelo Ricarte]

Hi guys, I'm posting this opportunity for an Investor/Lender to help out a friend and his family not to lose his home which he've had worked hard upgrading for the last 12 years while being scammed.

After making a couple of bad decisions, including getting a hard money loan to pay off his home, now the year of the loan is due and he needs to return $210k to the lender, which is now 90 days late.

The property has been upgraded with granite countertops, hardwood floors, tile throughout, and extra efficiency, a deck, etc.

Appraised three months ago for $285k. 

Located at 6451 Tamiami Canal Rd, Miami 33126.

There is another investor who had approved him for 192k but he'd still need some extra cash to close (around $15k). What they would do (for what I have understood) is some kind of LO by taking control of the property and lease it back to him for three years while he buys some time and be able to get approve by a lender to exercise his option. 

My Idea is to take advantage of this opportunity by getting an Investor/Lender who can come up with the money he needs to pay off his current loan to the lender and close.

Please contact me if interested. Thanks.