Private Lender Wanted for Dallas TX Victorian Fourplex - $340,000

[Seth C.]

Original plan was for a bank loan, but Fourplex is currently occupied so I need a quick close to clear it out before Christmas (ie by Dec 1), as well as wrapping things up before a new baby in February.

Purchase is 220,000, rehab is 120,000 (premium kitchens and baths, interior and exterior paint, driveways, windows/roof, etc). Great area and high rents (1100 plus a unit rehabbed) make this a solid project. I currently have 220,000 available from a private lender at 7%, but I need to get more than that. Finance either the entire deal or a junior lien. Exit strategy is refinance and hold. I will be onsite to manage the construction project, and have done Victorian rehabs over the years beginning with my first when I was ten years old (I wasn't the lead on that one!).

Thanks, Seth