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Updated over 8 years ago,
Hard Money Lender -- Rhode Island
I have a small (700 sq ft) 2 bedroom SFH short sale with a negotiator in place. Selling price is $55,000 with a ARV of $80 to $90,000 with $5,000 in rehab costs (max). Income potential is $12,000 annually.
I'm looking for a lender willing to do 100% financing since there is at least $25,000 of built in equity on the property.
Any suggestions would be appreciated.