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Updated almost 6 years ago,
Ohio Hard money Lenders
Hello,
I am happy to be making my first post, because that means that we are on the fast track to making our first deal. However, the deal isn't as cut and dry as I would like for it to be and I am in search of a hard money lender, for a brrr. Here is the deal:
Asking Price: 18900
Maximum offer: 15000
Renovation cost: 25000
Arv: 75000
Down payment available: 5000
Personal Credit Score: 560
Most of the work on the property will be preformed by my father and myself who are licensed contractors. The current appraised value of the property is 50000 and the renovations are expected to take around 6 months. We are looking to do an interest only deal, and when we go to refinance I have a strong cosigner.
Thanks in advance,
Dylan