Looking For DIRECT Private Money Lender

[Brandon Croucier]

I have a deal for a client that was recently denied by a lender last minute up in the northwest.

The borrower's note is due month end and we are looking for a lender to Perform.

Looking for 1.25-1.3M Loan Amount.

Payoff is $950,000

Colatteral is $2,000,000 16 Unit + $330,000 Land Parcel, $2.33M

Asking for $1.3M, 12% 3 Points to the lender for 12 months, 55% LTV

Super Well collaterized, the borrower is an experienced developer/flipper with a net worth exceeding 5M.

The property is located just north of Portland.

We are needing to close by month end.

If you are going to try and co-broker this, do not bother, I have shopped this at nearly every local hard money firm.

If you have direct capital, feel free to PM me.