Short Term Funding (6 months) $25,000 Will Pay 14% Interest

[Richard Anderson]

My REI team has purchased a property for $205,000 it needs apx $49,000 in rehabilitation and will sell for $345,000. We have a HML to cover 85% of PP and reno costs. We put down $10,000. The $25,000 is to cover the rest of the 15% and carrying costs. Rehabilitation should be complete in 60 days and DOM for this property is expected less than 60. I am a realtor. We have independently done several projects over the years and have most recently formed a team. Thank you for reading