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Private Lending & Conventional Mortgage Advice

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James Kandasamy
  • Real Estate Investor / Syndicator
  • Austin, TX
135
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210
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Need private lender

James Kandasamy
  • Real Estate Investor / Syndicator
  • Austin, TX
Posted Sep 20 2014, 15:27
Hi I need a private lender for a a house that I am buying to hold as rental. Details below Purchase price. 47k Rehab 38k ARV 125k I would need funding for 47+38= 85k. That is 68% of ARV . The 38k rehab can be release in stages as rehab progresses, I would refi to conventional loan in 3-8 months . We can talk if the funding can be done for longer term. I have the house under contract now. Location : San Antonio, TX Let me know if anybody need more details. James

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