2nd project also funding 18% APR in MI!
Hello, I own a duplex with an ARV of $156,000, one side fully rehabbed, just needs minor repairs before rerenting, the other side needs the rehab to be completed. Offering 1st lien position for a $95,000 loan to refinance and rehab the property 18% APR for 6 months. Or offering 2nd lien position for just the rehab portion which is $20,000, 18% APR for 6 months. I have a detailed loan proposal for those interested and would be happy to answer any questions you may have. Thank you!
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