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Updated over 5 years ago,
Seeking 6 month hard money
My partner and I are working in the Memphis area as a buy and hold play, and have run into a deal for which we need some funding quickly outside our normal sources because of the rapid closing period. I'm running a little further behind even because I spent the weekend at the Real Estate Guys Successful Syndication event instead of looking for a HML guy.
We are looking for a 6 month hard money loan for a purchase/rehab deal. This is our 17th property in Memphis, so we know the neighborhoods and markets well and have a solid understanding of our capacity to complete the project.
Property is a SFR in mid-town, 4/1 1900sqft. Purchase is 85k, rehab budget 20k, ARV 125k
Any suggestions on how to find a HML that is interested in this kind of deal?