Cheapest Funding for No Electric Property

[John Friendas]

I am trying to find the cheapest funding on a property I recently offered on. There is no active electric and where the breakers were taken out of the breaker box. Two of the kitchen cabinets were also cut in half. My electrician said that it just needed new breakers The property is liveable and rennovated apart from this.

What is the cheapest % interest dscr/hardmoney/rennovation loan I could get? And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).

Maybe a lender would be able to consider the electric "working" with the proper inspection? The only issue appears to be the missing breakers and it being turned off by the bank. Thanks for the help!

[Chris Seveney]

Quote from @John Friendas:

I am trying to find the cheapest funding on a property I recently offered on. There is no active electric and where the breakers were taken out of the breaker box. Two of the kitchen cabinets were also cut in half. My electrician said that it just needed new breakers The property is liveable and rennovated apart from this.

What is the cheapest % interest dscr/hardmoney/rennovation loan I could get? And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).

Maybe a lender would be able to consider the electric "working" with the proper inspection? The only issue appears to be the missing breakers and it being turned off by the bank. Thanks for the help!

 It depends. all you talked about was the property but financing is more about the borrower, their experience, their credit, the cash available etc. Also would need to know if the property would be owner occupied or an investment property.