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Updated over 8 years ago,
Looking for private or hard money to finance rest of acquisition
I have an accepted offer and in contract for a house in Northern California and need financing for the rest of the acquistion and rehab costs. The offer is $440,000, I will come in with $360K of my own money, I need $80K to finish the all cash acquisition then $50K for rehab costs. It's in pretty good shape mostly needing landscaping and a new driveway. Property will sell for at least $600K when finished. I have some offers already on hard money, but I wanted to shop around since this is my first time using hard money. No pre-payment penalty is key as this is a flip.
PLEASE no creeps! I want only well-established lenders with a good track record and reasonable rates. And I will research if you are legitimate.
Thanks