The person I was going to use for a rehab loan of a manufactured home on land in Lakeland, FL backed out because of cash flow issues.
I was getting a $ 20,000 rehab loan to finish the house it is in a very highly desirable 55+ community in North Lakeland, and I already have buyers waiting.
I have already demo’d the property, painted the exterior, changed fixtures, and am now putting it back together (sheetrock, texture, tub tile surround, paint, plumbing, A/C, flooring, and appliances).
The home is owned outright by an investor from Norway, I am their Realtor, and I will be doing the rehab (been doing it since 2005).
Would you know anyone who would lend for around 2 months so I can finish?
I am looking for a long term repeatable model where we can do rehab loans on every property our investors are using us to flip.(30+ investors, typically HUD homes)
I asked for $ 20,000...
I asked for 100% rehab funding...
It was purchased for cash and is owned outright...
If I had the 20K, it would be done and sold in three weeks.