$60K 1st Pos Needed In Alabama
Client is looking for a Hard Money loan in Fairfield, Alabama on his SFR NOO. Est value - $130K. Client needs a ~50% LTV loan, or $60,000. Minimum of 3 yrs (preferrably 5), 12-13% IO, no prepay. Lender(s) get own trust deed in 1st position. Fico = 653
have you googled around?
There are lots of private/hard money lenders out there.
Yes, to no avail. Anyone you recommend I try?
Quote:
On 2008-10-31 02:32, cjmazur wrote:
have you googled around?
There are lots of private/hard money lenders out there.
use an option to get an equitable position for 30, 60 days, this protects your position so that you have some time to decide how to make money w/o losing the deal
assignment thru purchase contract assuming end buyer has cash to pay assignment fee.