Acquisition financing for buy and hold investing

[Phil Ferranto]

Hello BP community,

I'm a buy and hold investor that acquires strong cash-flowing properties in solid neighborhoods in SE Michigan. I'm looking to increase the portfolio and am looking for an arrangement where I would partner with a private lender who would offer financing of 80% of purchase price at 7-9% inclusive of any closing costs, points, etc. Payment would be interest only until refi event 6-12 months later, upon where money at work would roll into next acquisition of properties. Lender would have first lien position on all properties until refinancing event. I'd be looking for 250K to deploy in March 2016 at an 80% LTV. I'd love the opportunity to discuss and happy holidays.