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Updated over 6 years ago,
Any hedge fund/in house loans out there?
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