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Updated about 8 years ago on . Most recent reply

Investment Opportunities in MINNESOTA
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.