My client purchased, undere a 1031 exchange, a 95 unit complex on a land contract 18 months ago. Client had two large tax liens which prohibited him from conventional financing. Liens are fully paid, mid-score credit up to 664 but not high enough for traditional lenders. Building appraised at $2.6mm. Land contract balance at $1.9mm. In the 1031 exchange he also picked up two additional buildings, paid cash. Collateral available. I am not looking for hard money but a reasonably priced scenario. If you are a direct lender or can direct me to one, I would welcome your email/contact. Thanks.
Riverstone Capital Consultants
P - 216-322-4523
Our last hard money deal was for 14% if we can help please call or email