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Updated about 9 years ago,
Seeking Private Lender for Low-LTV R/E-Backed Note - quick close
Investor seeking $250,000 secured financing for $1.21 mm land acquisition. There is no other debt on this purchase. THAT’S RIGHT – the Loan-To-Value on this note is 20%! Appraisal will be provided. The note will be backed by a FIRST LIEN secured interest in the property. There is so much equity in this deal, you CANNOT lose!
TERMS: 8% annual interest / interest only (payment frequency flexible) / 2 to 5 year maturity / NO Up-Front Points or Origination Fees / No Pre-Payment Penalty / Non-Recourse Loan (IRA money involved) / Closing Date – 9/30/2015
*Loan Amount is flexible up or down depending on lender appetite.
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