I looking for a lender that will do a 12 month loan on the following:
List Price $150,000.00 Purchase price $115,000 Rehab cost $50.000
Total Loan amount $145,000 plus to be able to roll in interest and closing cost or seller help with closing. looking at loan for $165,000 LTV a little over 65% ARV $250,000 sold comps this year 250,000 LTV $162,500 at 65%
but i need the money down to be as low as possible. their terms are good but the money down is a bit high. Thanks