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Updated over 2 years ago on . Most recent reply
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Looking for a Private Money Lender for Austin, Texas 78701
Looking for introductions or recommendations for a Private Money situation, that can lend on a new construction investment condo.
Under contract to pay $1,080,000 for a 2/2 with 1,260 sq ft. 19th floor. Existing comps support $1,350,000-$1,450,000,
Pre-construction condo comps that haven't closed yet in the unfinished "Modern" building on Rainey, support over $1,500,000+
We already have 10% (108k) down payment in Escrow, and looking for a lender that can lend on this unit with no additional down payment.
Previous lender is not able to preform. They were a PML that quoted us originally with our 10% down and significant appreciation equity.
Closing is 9/9, but can be extended.