Where can I look for this PML?

[Stu Stanton]

What I am looking for is a very short term Private Money Loan to purchase discounted properties, no rehab. The purchase will be done in the name of the buyer, not me. These purchases will be at 75% (78% if possible) ltv or less on properties valued at $100K or higher. The maximum length of the loan would be 90 days, but most should be paid off in just a few days.

The percent of ltv includes all fees, points, prepaid interest that can be wrapped up in the loan. I am looking for 100% funding, with the buyer paying about 2-3 points or so in cash, plus the buyer’s side standard closing costs.

I would prefer to allow it to be owner occupied, since the buyer will refinance with an owner occupied, no cash out refinance. But, that is not a major requirement at this time.

Does this exist and where can I look for it?

Thanks,
Stu