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Updated almost 9 years ago,
Private Lenders for deals in Ohio
Hey all,
I'm working on buying a SFH in Cleveland, but in order to close the deal, I want to find a source to fund a portion of my deal. Leveraging is the best way right!
So I've contacted some funding institutions, and have a good idea as to what I'm going to do. Put down 20% and get the other 80% funded.
Issue is their interest rates are incredibly high (8-10%) and they require a very lengthy pre-approval process and so forth.
I'm wondering if anyone in this community has dealt with any private money lenders that are investor friendly and are looking for new business.
Any advice or help is much appreciated. This would be my first buy and hold in Ohio.
Thanks in advance!