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Updated almost 2 years ago on . Most recent reply

6-9 Month Loan - $90k For Closing Costs
Hello, I am looking for short term financing for a fix and flip. I need an additional $90k for closing costs.
For my area New York (lower Hudson Valley), can any one recommend a lender than can finance $90k for 9 months with no payments for 9 months using my investment property (STR) as collateral?
Investment Property:
Fixed Interest Rate 4.25%
Mortgage Balance $364,088.24 (Mkt value $625k)
Principle & Interest $1,827.56
Tax & Ins $1,189.78
Monthly payment $3,017.34
My Middle Credit Score: 720
My Debt to Income: Under 20%
Good reserves
Any feedback and recommendations are greatly appreciated!