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Updated over 8 years ago,
Small loan, Large return
Hey Everyone,
I am new to using lenders to fund my investments. My other projects have been with cash and as a result, I have everything tied up for the moment. A potential deal has come across my desk today that is way to good to pass up
Acquisition cost: 45k
Repair cost: 15k
closing costs/fees: 10k (comes from the HUD)
ARV: 115k
ROI: 45k or 69%
I need to borrow about 65k (56% LTV)
anyone know any good lenders that do this size loan? I am looking for a long-term lender to do more deals with
Thanks,
Christian Baker