Classifieds
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Anyone Recommend a Hard Money Lender in Columbia, South Carolina?
Hello,
I'm seeking a private or hard money lender in my market (Columbia, South Carolina) to lend on the repairs for a triplex I am purchasing close to the University of South Carolina. I am paying cash for the property and going to make it a very upscale rental, hence the large amount needed for repairs. Here is the breakdown:
-Triplex, Brick, ~2700 SF, 9 Beds/3 Baths
-Purchase Price: $23,000
-Est. Repairs: $85,000
-ARV: $200,000-$215,000 (53-50% in Total Cost Basis)
About me: I have 11 years experience in this market and a portfolio of 25 properties, 6 of which are within 10 Blocks of the subject property. Seeking a one year loan until I get permanent financing.
Any help would be appreciated.
Looking for