Offering High Return For Gap Funding on Quick Fix and Flip in Houston

[Matthew Bernal]

I am looking for a PML to fund the gap on an acquisition in Houston, TX. Please review details below!

**I DO NOT NEED A HARD MONEY LENDER, I AM NOT LOOKING FOR INSTITUTIONAL FUNDING. ONLY CONTACT ME IF YOU ARE AN INDIVIDUAL WITH LIQUIDITY THAT WANTS TO INVEST IN A REAL ESTATE PROJECT**

Project Details:
Address: 8005 Brandon Street, Houston, TX 77051

Purchase Price: $156,000

Rehab Budget: $24,000

Hold Time: 2-3 Months

ARV: $275,000

Investment Details:
Loan Amount: $56,000

Return: 15% Flat

Return Amount: $8,400

Loan Term: 60-90 Days

Use of Funds:
$42,600- Covers closing costs and down payment

$12,000- Covers startup construction costs$

1,400- Covers commissions

Security:

1. 2nd Position Recorded on Deed of Trust
2. Position on Property Insurance
3. Promissory Note
4. Personal Guarantee
5. JV Agreement