Funding Needed for Three SF Rentals

[George Eckenrode]

I have totally rehabbed three single family homes and have had them fully rented for over the past four years with no vacancies.  My problem is that I got this deal going with hard money at 18%.  I have not been able to cash out conventionally with the way the real estate vs. banking evolved.  My problem is that I am still paying 18% on an interest only note and make no profit at all.

In an ideal world, I would like to get a P&I note put in place but certainly I would like to get a much lower interest note put in place.  In total, the amount I am paying on is $145K.    The houses could appraise at $65K each.  

I would gladly open my books to show you the deeds and tax returns if necessary  Please let me know if you can offer an arrangement for me to move on.

Thanks.

George     email:    [e-mail]   

[Jeffrey Freis]

Jeffrey B. Freis Associates, Inc. is a private investment bank owned by Jeffrey B. Freis Attorney at Law. It has an active real estate finance division. We are very experienced in the financing of SFR fix and flip and buy and hold.  Please contact me to discuss your financing needs.

Jeffrey B. Freis, President

Jeffrey B. Freis Associates, Inc.

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Jeffrey B. Freis Associates, Inc. its affiliates and principals are not a United States Securities Dealer nor Broker nor US Investment Adviser.  Jeffrey B. Freis Associates, Inc. its affiliates and principals is a Consulting Firm. All Emails and related correspondence are never to be considered a solicitation for any purpose in any form or content. We do not intend to, nor do we, provide investment advice or counsel to any particular transaction.