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Updated about 8 years ago on . Most recent reply

User Stats

208
Posts
68
Votes
Suzanne Griffiths
  • Investor
  • Hugo, MN
68
Votes |
208
Posts

Investment Opportunities in MINNESOTA

Suzanne Griffiths
  • Investor
  • Hugo, MN
Posted

Level 5 Properties is ramping up for the first quarter of 2017.  We have 3 investment opportunities available for Private Money Lenders.

1. Rice St Rental - Looking for $115,000 for 3 months at 8%.  Our first position lender has fallen short and after 45 days + a 30 day extension we are 1 week from closing and they are showing signs of not being able to perform.  We have a tenant selected that is wanting to move in right after we close.  We'll refinance you out with a traditional lender.  CLOSING 3/2/17.

2. Hugo MN - Fix n Flip - This will be a 2nd position at 10% 6 month term for the rehab budget of $70,000. The first position is owner financed. PP$450,000 Repairs $70,000 ARV $659,000. Purchase date is 3/1/17, would like to lock in repairs right away so we can get started.

3. New Build in Mahtomedi - Land Purchase $70,000, Build $250,000, Sell $499,000.  Looking for 1st and 2nd position. 9-12 months.  Land Purchase ASAP, build to start in 60 days upon approval of permits. 12%/2pts

**We are open to discussion on rates and terms.  PML's are secured by mortgage deed.

Looking for

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