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Updated over 1 year ago,
Looking for private lender
Hi! I am looking for a private lender on a deal. I would need 13 months interest only. It’s a condex in Derry, NH.
Purchase price is $275,000 and as-is value is $297,000. Purchasing under market value. I have a contractor lined up to do $40,000 of work. The property has an ARV of $375,000–$380,000. I can put in $75,000 (80% of ARV). I would need funding for the remaining including construction. Would anyone be interested?
note: I’ve done 2 deals and this would be my 3rd.
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