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Forums » Seeking Financing, Money, or Loans » Need 50% LTV loan

Need 50% LTV loan Subscribe to Need 50% LTV loan

2 posts by 2 users

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Stephen N.

Accountant · greenwell springs, Louisiana


Forum_avatar_avatar-scntaxpro

Icon_minipost Nov 20 '09, 09:11 AM

I own a single family home that i bought to rehab and flip. the rehab is complete and the house just went on the market for $125k. it will appraise for that amount. I own this home free and clear.

I want to buy a foreclosure that hasn't gone to sheriff's sale yet. I can buy it for $113k and it will appraise for $150k (conservatively).

I want one loan for $113k secured by both homes. i am willing to pay back 100% of the loan when either home sells. I dont care.

My credit score is 720. i only have a mortgage on my house. no other debt other than credit card debt at 0% interest.

Are there any brokers on here than can help me find a loan?

Edited: 06/26/2010 at 10:36AM


George Bloom

Hard Money Lender · West Palm Beach, Florida


Forum_avatar_avatar-finsolamerica

Icon_minipost Nov 22 '09, 11:45 AM

Stephen:

We can definitely help you with that project. Please email your contact information so that we can speak about it.

George

Edited: 06/26/2010 at 10:37AM


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