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Updated over 9 years ago,
Funding needed for two projects in Bay Area California (looking for private money)
Hello BP family & Private Money Lenders,
We're in the process of purchasing two solid rehab projects here in the SF Bay Area. (Very safe and affluent areas) Our est time to close is just about two weeks shy of today. We thought it would be a great idea to grow our relationships with some new private money individuals or lenders.
These properties are being purchased roughly at 65% to 70% ARV. We would need about 72% LTV per project. Please do not contact us if you have ridiculous points, junk fees and interest rates. We have a solid track record and could potentially give a lender 10-12 projects on a yearly basis. Looking for 6% to 8% with no points and 1yr balloons. If anyone here has some contacts I'd highly appreciate the connection.
Thank you.