I have this property under contract. I am seeking a private loan about 70% or more LTV. I can pay 8%-12% on the money. Would need money so I can start rehab work in November. The work will be completed by the end of November to early December. It will be market sale ready in December.
Based on current sales in this area, I plan to have this sold in February/early March of 2015 for at least $175,000+. This is based on sales comps in this area and not me guessing.
I would like for the loan to be short-term about 6 months and based on the asset class itself. This is a pretty simple deal. The investor or lender will be in first position on the loan to protect their investment.
Please contact me at joseph@go-ecpi.com if you can help out. In your contact, use BLUE to help weed out the spammers.
Thank you in advance for your consideration