We have a small deal under contract and figured it would be a great opportunity to start a long term relationship with another private or hard money lender.
Purchase Price: $30,100
ARV: $119,000 (150 sq ft addition)
Recent comps available upon request
*All comps sold within 6 months, under 0.4 miles away (most on same street)
*High development area
Rehab: $45,000 max (6 month total loan max, rehab under 4 months)
*Green rehab features will be included, benefits are faster selling time, alignment with your personal values
Quiet costs: Approx. $14k - $17k
Rates: Looking for flat simple interest of 12-14%, no prepayment penalty, 6 month terms. Higher rates reserved for larger loan sums. All negotiable BUT one thing I ask is that you MUST be looking for a long term lending relationship. Our goal is to immediately roll your funds into a new deal right upon completion of this one.
Detailed investment summary available upon request as well as investment history of previous deals.
Message me here, reply to thread, or email me at my personal email below.
Fresh Start Homes, LLC