I have an opportunity to purchase an off market duplex in Clearwater, Florida. The purchase price is $375k. I am able to put 10% down. The seller is willing to carry a 15% down which would give me 75% LTV. I have good credit and currently own my own home and another rental property.
This duplex is occupied by 2 renters, each paying $1400 a month for a total monthly income of $2800 a month. The property is in average condition but no major rehab is needed. This would be a long term investment property for me. One great thing about this property is that it is just 4 blocks from the Gulf so beach proximity makes this a very high demand property. The seller inherited this property and would rather sell it to an investor like me than to put it on the market and pay a Realtor 6%.
Can any of the lenders out there do this loan with me putting 10% down and using a 15% seller carry for the rest of the down payment? Good credit, close to $100k verifiable income for me.
Thanks.
Jamie Cafaro
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I can do this loan for you if you can put 15% down. I have an option to allow for a 10% carry on 1 to 4 unit purchases. Rate and term you would be at 6.75 to 7% with 700 credit score on a 30 year fixed.
Lisa
Please send your client's related project information for our investor initial underwriting.
Regards,
David Lee
Jamie, we will be happy to do this loan, please fill out the form so we can give you a quote. Thanks.
Reggie Truss/loanfather336@gmail.com
Reggie TrussVFS%20Loan%20Quote%20Request%20%282%29%20%281%29.pdf
Jamie,
Reach out to me if you are still looking for funding, I can do the loan for you.
My name is David lessnick with Lenders Capital ( private person lending ) and can do a loan at 5% interest rate.
davidlessnick@lenders-capitalllc.com, davidlessnick@outlook.com
702-551-6718
I’m lending now
no hidden fees
contact me
davidlessnick@lenders-capitalllc.com
702-551-6718
Contact me for more information
robisonj20@gmail.com
+1 6618294055
Jamie,
Affirmative.
25% Down = 10% Buyer Down + 15% Seller carry
Pretty standard & totally doable
Ron...
Hello Jamie, hope you are staying safe with this pandemic we are facing. If you are still seeking financing I may be able to help
Visit my webpage and complete the application, once I review your request I will call you.
Have you received funding for this project yet? If not i maybe able to assist you. Let me know when you have a moment at carlos@cdccapitalpartners.com
Thanks for your time
Carlos
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