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Updated about 9 years ago on .

User Stats

115
Posts
11
Votes
Sherri D.
  • Michigan
11
Votes |
115
Posts

Looking for Investor, willing to pay 12% APR plus Equity

Sherri D.
  • Michigan
Posted

Hi BP,

I have a 6-unit complex in Southwest, MI that I am purchasing for 59% LTV for $119,900. I already have an investor interested in provided 60% of the purchase price. I am seeking an investor for the remaining 40% so am seeking a loan for $48,000. I am willing to pay 12% APR for 2 years, 30 year amortization, plus $5,000 in equity at the time of refinance in 2 years. I have already utilized and invested approximately $12,000 on this project as well. I have a detailed business plan complete with profit & loss and cash flow statements available upon request as well. If interested please contact me ASAP.

Thank you!

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