I'm looking to connect with investors who fund owner-financed purchases in a 1st lien position. What kind of returns are you typically seeing on these deals?
I have deals needing funding and want to ensure I'm structuring them in a way that's competitive and appealing to private lenders. Any insights or experiences would be greatly appreciated!
Looking forward to your feedback. Thanks in advance!
It kind of depends on the type of properties you're looking for funding on. If you have 1-4 unit residential that's already cash flowing I would go DSCR if you have a ratio of 1 or more. Let me know what kind of deals you have going and I can try to piece together some scenarios for you.
I just re-read and realized you're talking about getting loans for lien position 2, is that correct?
I am a realtor and wholesaler, and I get some buyers looking for owner financing, some sellers need/prefer getting cashed out and there are some lenders I work with who can provide the financing however they run out of funds sometimes. I'm looking for a new source of investors who are in the business of funding these deals.