BiggerPockets

Looking for a hard money lender to make this deal work. Property: Mulit Unit currently rented on 1 yr lease.
Location: NE Iowa
Needed Approx. $58,000
CAsh down: $ 52,000
LTV 50%
Sale Price $ 110,000
Mo Rental : $ 1,750
Property is a cash cow. 2 universities in town keep these appartment units full.
Contact for more details under profile. Thanks!

Hey i am a direct hard money lender

please contact me about this deal

Mr. Joshua Holiday
American Bridge Capital Fund, LP.
[CONTACT INFO REMOVED]

yes we are

2500.00 retainer fee - 50% refundable if the deal does not close & 100 % refundable if it does not close by our fault

9-13.99 % interest

3-8 points depending on risk attached to the deal

2 broker points max allowed

65 % ltv

closing times 14 - 28 days

& can provide a standard list of docs we will need to process your file

thanks

yes, the amount does not change
if the loan amount is is higher

we lend up to the 700 k range or so

& i have sources for everything larger than that as well

I know it seems high for that little loan amount

but i figured i would at least offer my help

thanks