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Updated over 7 years ago,

User Stats

115
Posts
11
Votes
Sherri D.
Pro Member
  • Michigan
11
Votes |
115
Posts

Funding needed ASAP!

Sherri D.
Pro Member
  • Michigan
Posted

Hello,

I am looking for a $15,000 loan to rehab a property I own. The ARV is projected to be $125,000, with the 1st mortgage and this rehab loan it would be 60% LTV. So this would be a 2nd lien position loan, 15% APR with a 6 month term but the turn around would be at the end of October, middle of November at the latest. So in reality I would be paying $1,575 for a 45 day loan. The catch is proceeds of the loan need to be dispersed within 7 days to keep with this timetable. Work needed to complete is clearly identified and should only take 2 to 2 1/2 weeks to complete. One tenant is already identified and is waiting to move in, the other will be identified shortly. If interested please contact me ASAP!

Thank you!

  • Sherri D.
  • Looking for

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