Equity Partner/Financing Lender

[Sean Richway]

I am a real estate fix and flipper in Maryland looking for an equity partner or financing lender.  I am looking for $50,000 for 6 months or less that pays a guaranteed $5,000 return regardless if paid off earlier than 6 months.  Also, I would consider a credit partner as a co-signer on a $50,000 line of credit that I can obtain in place of the financing.  The return would be the same for both options as well as remove any inquiries caused.

I currently have a property in Abingdon, Maryland.  The purchase price is $250,500 with repairs about $51,500.  The ARV is $375,000 and I have an exit strategy of 90-120 days in place.  I am currently working with a licensed real estate agent as well as a licensed contractor ready to perform the repairs in 4 weeks time.  This will allow me to close on the property in 60-90 days.

These funds will be used as a down payment in order to obtain an investment property mortgage.  The properties appraisal value in its as-in condition was $290,000 (bank just performed this for the foreclosure process).  The mortgage amount would be for $200,000 with the use of the funds for the 20% downpayment.  The repair costs will be obtained through a GAP Lender my company has a relationship with.

Please contact me via email if you are interested or have any questions regarding this transactions.

Sean Richway, Owner
CFRE Properties, LLC
[e-mail]
http://cfrepropertiesllc.wix.com/cfrepropertiesllc