That's a 4.48% rate of interest, a private lender normally wants 8%+, with LTV of 70% or so.

Andres,It seems that you may be far better off looking for a private investor that wants to make 6-8% on money they currently have sitting in a lame CD or IRA making squat.

Shortt term private or hard money lending?

Banks aren’t lending and everyone is looking for private money loans to fund their investments and businesses.

Well, lots of people really do have lots of cash, so it may well have been a cash purchase.Could have been a private loan or a hard money lender.Could have been some sort of rehab financing such as the FHA 203k loan.

How do you find private lenders?

I called a client of mine and that same day I had them put it under contract, lined up the private loan and had it fund the same day and I collected my commission the same day as well.

I know I am blessed and I should be thankful for what I have....I am, but, I will NEVER be excited about the gov. using my above said money to be involved in private enterprise.

if your not allowed access to see how extensive the damage is you have to figure on total replacement of entire area.

The corporate tenants keep up the building and pay taxes on it as well plus you get the depreciation.If 32,000 is all you have you might could look at hard money or private money lending or buying notes at a discount etc. for more passive investing.