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Updated 7 months ago on . Most recent reply

User Stats

34
Posts
10
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JP Marzano
  • Professional
  • Chicago, IL
10
Votes |
34
Posts

In need of hard money 2ND lien on mixed-use property

JP Marzano
  • Professional
  • Chicago, IL
Posted

$200,000 request

Low credit (approx 610) - no public records

$2.7MM value

Approx 60% LTV

Fully stabilized (retail with apartments above) in Chicago. 

Looking for

Most Popular Reply

User Stats

4,121
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2,511
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Jonathan Klemm
  • Contractor
  • Chicago, IL
2,511
Votes |
4,121
Posts
Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

Hey @JP Marzano - You should connect with @Cam Schwartz.  He is a local Chicago Hard money lender and may be able to help you.

The only concern I would bring up is that no lenders like a 2nd position....are you able to get the money from the first position lien holder?

What area of Chicago is the property in?

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