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Updated over 15 years ago on . Most recent reply

User Stats

219
Posts
83
Votes
Brian Wall
  • Wholesaler
  • Santa Fe Springs, CA
83
Votes |
219
Posts

Urgent: Need Hard Money for Deal in Socal

Brian Wall
  • Wholesaler
  • Santa Fe Springs, CA
Posted

I have signed contract on a 3/2 house in La Mirada, CA, that is a bank owned.

Value is $420k after (minimal-paint & carpet) repairs

I am looking to borrow $290k ($275k for purchase and $15k for repairs).

Time frame is 3-6 months.

That area supports conventional (non-FHA) homebuyers, so no need to have title seasoning.

Let me know what else you need to know.

I am open to paying straight pts & interest, or share in equity, or even some of each! I would rather make some of something, rather than 100% of nothing.

I would like to have approval by tomorrow, as the we have to open escrow by tomorrow 5pm, or we lose the deal. I don't want to open escrow, and put 10k deposit, without having a good committment from a lender.

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