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Updated almost 5 years ago,
Private Money Loan - $100,000 Princeton IN. Worth $250K
Paid off 4 Plex in Princeton Indiana. (47,000 population and 30 mins to Evansville which is 118,000 population)
The property is worth between $250K to $300K
The loan request is $100K. Which means the loan to value is 30-40%. Very safe and secure position for any private money investor.
With the temporary virus shut down, the borrower owns a bar and restaurant that has been shut down and needs capital to ride out the virus. The quickest way to get the capital they need is through the paid off real estate they own.
This property is paid off they need capital to get them through the institutional capital freeze/ lockdown. (Wall Street money is a state of panic and would normally say yes all day long. hashtag#loan hashtag#realestate hashtag#privatemoney hashtag#bridgeloans hashtag#cashout hashtag#commercialmortgages hashtag#privatelending hashtag#commercialmortgage hashtag#propertyfinance hashtag#investmentproperty )
Reach out if you are interested.
Scott Brown
480-221-7172