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Updated 5 months ago,

User Stats

80
Posts
38
Votes
Garreton Smith
  • Flipper/Rehabber
  • Bronx, NY
38
Votes |
80
Posts

Private Lender Opportunity 15% CoC

Garreton Smith
  • Flipper/Rehabber
  • Bronx, NY
Posted

I hope all is well!

Would you be interested in funding a BRRR for a property in Albany, NY my team at GSS Development Group currently has under contract?

We’re looking for investors to lendmoney at a 15% annual interest rate, paid at the end of the project (roughly 6 months).

This loan will be backed by a promissory note and a mortgage security document.

  • Total Project Costs (Rehab + Purchase): $150,000
  • ARV: $250,000
  • Return: 15% Annual Return
  • Project Timeline: 12 Month Max Term, with the option to repay sooner
  • Refinancing 75-80% of ARV
  • Lender take first position lien
  • Minimum Investment: $30,000

(Really looking for one group or investor)

As an example of our track record with our flips, we recently completed the sale of this flip. We purchased it for $406,000 and successfully sold it at $625,000, easily paying back our private money lenders on this deal.
Private lenders or group no hard money!

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