All Forum Posts by: Jodi Webb

Good day, 

    My partners and I are looking at deals constantly. I believe using a private lender would be easier and faster for deals. How do we go about finding private money?

Kenneth Bentley

Good Afternoon,

I have a client that is looking for a renovation loan to rehab a property purchased outright for cash 6 months ago. Needs ~$200K to convert SFH to MFH, ARV ~$375, credit score 720+. Anyone with a product that might be suitable?

Thanks,

Dana

Im a GC/Builder in TN.

We have been doing high end remodels for 10+ years and have started building last year.

I currently have 2 buildable lots in the Fairfield Glades TN community.

We built a house in that community last year that sold before we finished.

Looking to duplicate last build on one lot (2,200sqft 3bed/2.5bath ), and a smaller home (1500sqft 3 bed 2 bath) on the other lot.
We can build them for $200/sqft including my GC fee.
Last one sold for $257/sqft.
I am confident we can get $275/sqft min based on recent comps.
We own the land already.

If we build both homes at the same time I can get better lumber and labor pricing.

To build both homes: 3700sqft

Investment:$740k

Build time:5-7months

I am looking for either:
1. $740k loan @ 15% APR with loan +interest due at closing.

Or

2. $740k investment, investor collects 40% profit after closing cost.

Both properties will be collateral.

Both scenarios net investor minimum of $80k profit.

Any interested parties?

I can send pictures of previous home built and some of the work we have done.

The property is worth $315,000, the payoff is $201,500.

I'd like to cash out and refinance DSCR in to a 30 year.

Hello. I'm a land investor that buys vacant lots all over the country. I was mainly buying in Florida but have branched out. I've had to turn down deals because I had money tied up in other investments. I do not want that to happen anymore. I'm reaching out to see if there are any private or hard money lenders out there. I generally get the lots under market value so they usually are easy to sell quickly. My longest land flip was on the market for 3 months. I've reached out to some of the big name lenders. Unfortunately I was denied because I ruined my credit trying to keep my construction company running. Big mistake!! I was hoping there was someone out there that is a private lender that could give me a bridge loan to purchase and sell the lots. They could possibly see my purchase price and see the potential selling price, realizing that the land will sell and loan would be satisfied plus whatever flat fee or percentage the lender wanted for the loan. This is my first time reaching out for financing so I'd love to hear from anyone that lends or had to get creative with raising capital. Thank you.

Hi guys, can anyone recommend a good hard money lender in Austin TX? Can anyone share the good and bad experience with Hard money lenders in this area? I would appreciate any help! Thanks

Hello-

I need to refi out of my current hard money loan ASAP as it has come due. I had a couple set-backs, but am 70% complete on the project. I'd need roughly 70k in construct costs to complete. Looking for a lender who will work with me on refinancing and balance of construction costs. The property is a multiunit.

Thanks for the advice and guidance. It's my first multi-unit investment purchase.