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Updated about 8 years ago on . Most recent reply
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North Carolina Portfolio Lender
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.
Most Popular Reply
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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.