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Updated over 6 years ago on .

User Stats

5
Posts
0
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David McLaughlin
  • Boulder, CO
0
Votes |
5
Posts

Any hedge fund/in house loans out there?

David McLaughlin
  • Boulder, CO
Posted

My 5000 sqft, 6 bedroom, 8 bathroom house on 40 acres in Lyons, CO is almost finished, about 3-4 weeks from certificate of occupency. 

I'm looking for a 3-5 year interest only loan or 30 year, whatever makes the most sense. 

 I've been paying cash, $250K for the land and about $500K for the construction. It will appraise for $1.5-1.8M in this hot Boulder County market. 

I'm self employed, I lost big in 2008/2009 so no conventional banking will work, I've been trying for months. 

There's New York and Florida hedge funds saying they can do stated/stated, 3 points and 7% because of the equity, I'm looking for something local and better, please let me know, thank you, David