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Updated about 10 years ago,
looking for a private money loan
Hello All
If you have money that you would like to lend, take a look.
I'm looking for a loan of $50,000 for a fix and flip that i am working on. I use a commercial lender that requires 25% down, I have about have of that from another private investor. The rest of the purchase price is in an interest only commercial loan, that I have used for all my other flips. The current project is being purchased for 340,000 with about 60,000 in rehab and an arv of 550-580.
A little about me. This is my 13th fix and flip project. All of my projects have made money. I am a certified residential real estate appraiser ( 14 years) so I know my values. I also have a full time job as a firefighter/paramedic. My credit is excellent. My wife is a full time realtor.
If you are interested please let me know
Thanks Nathan