In Desperate Need Of Home Financing Help

[Joe Matthews]

HELP!!!

I just finished my first fix & flip and I truly caught a falling knife. I closed last July just before interest rates rose and prices dropped.

I’m at the end of my Hard Money Loan term and I need to find financing for the house before August 1st.

My problem is this I believe it will appraise around $170,000 but I owe $151,575 on it which does not meet the banks LTV ratio.

We just signed a lease at $1,700 per month starting July 1st.

Is there anyone out there in the community that knows of some alternatives to get the financing done??? This is really hurting me right now and I need help.

[Joe Matthews]

@Kevin Sobilo I did intend to sell it, but when the market changed, it didn’t make sense to sell it. I would’ve lost all the money.