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Updated over 8 years ago on . Most recent reply

John Upperman's profile image
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John Upperman
  • Investor
  • from Clayton , NC
  • Member since Jul 7, 2012
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John Upperman's profile image
John Upperman's profile image
John Upperman
  • Investor
  • from Clayton , NC
  • Member since Jul 7, 2012
Connect
John Upperman
  • Investor
  • Clayton , NC
86
Votes |
63
Posts
Private Lending & Conventional Mortgage Advice

North Carolina Portfolio Lender

John Upperman
  • Investor
  • Clayton , NC
Posted

I'm looking for a Portfolio lender in NC to help me execute a BRRR strategy on a SFR.

Details:

Purchase price: $50K

Rehab: $30K

Recently appraised for $108K

Purchase and rehab was 100% cash. I'm looking for 80% LTV and a market competitive interest rate. Other terms are negotiable.

PM if interested.

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John Upperman's profile image
John Upperman's profile image
John Upperman
  • Investor
  • from Clayton , NC
  • Member since Jul 7, 2012
Connect

User Stats

63
Posts
86
Votes
John Upperman's profile image
John Upperman's profile image
John Upperman
  • Investor
  • from Clayton , NC
  • Member since Jul 7, 2012
Connect
John Upperman
  • Investor
  • Clayton , NC
86
Votes |
63
Posts
John Upperman
  • Investor
  • Clayton , NC
Replied

Yes - I am trying to avoid the "seasoning" period.  I have a regional bank that will do the loan, but at only 60% of the purchase + rehab costs.  They will only look at market value after one year of ownership.  

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