Still need funding ASAP!

[Sherri D.]

Hello,

This deal is perfect for the individual investor looking to put their retirement (or other idle funds) to work for greater than the market ROI for 2 reasons, timing and the size of the loan. I own a duplex and need $15,000 to finish the rehab on the building for 6 months at 15% APR and 2nd lien position. The ARV of the building is projected to be $125,000 and it currently has a 1st mortgage of $60,000. I am not looking to refinance out of the 1st mortgage as that would take too long and end up being too complicated for what I am trying to do at this time.

The rehab should take 2-3 weeks. I already have one tenant identified and approved, ready to move in once the work is complete and should easily find the other in the 2-3 weeks needed to complete the rehab. After the rehab is complete and the 2nd tenant is identified I will refinance into a long-term note. This entire process should take less than 60 days. I am asking for a 6 month loan for prudence, but also for the investor's ROI. I will pay the interest whether I prepay or not. The faster I refinance the higher the investor's ROI becomes.

If interested, please contact me ASAP as the rehab is happening now, and the 1st tenant is ready to move in.

Thank you!