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Updated almost 8 years ago,

User Stats

31
Posts
13
Votes
Janina Farr
  • Investor
  • Chicago, IL
13
Votes |
31
Posts

NEED ADVICE FOR ADDITION FOR REHAB

Janina Farr
  • Investor
  • Chicago, IL
Posted
My partner and I just just purchased our first rehab. We are expecting the repairs to be over 50k. We are already using a Hard money lender for this project and because it's our first deal they are really strict on the terms. We need additional funding but we don't have private money lenders. My credit isn't bad I just have High utilization due to us starting this business so my score dropped tremendously to a 600 and my partners score is about 630. My question is can anyone refer a company that will lend us an additional 50k to complete this project with these credit scores? Or someone willing to be a private lender? Please advise on what we can do. Thanks

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