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Updated over 8 years ago on . Most recent reply

User Stats

79
Posts
13
Votes
Adam Stanton
  • Investor
  • Fredericksburg, VA
13
Votes |
79
Posts

Virginia Lenders

Adam Stanton
  • Investor
  • Fredericksburg, VA
Posted

Hey BP'ers

I'm looking for bank (or private) recommendations for financing on a triplex I'm looking at. Repairs are needed so conventional won't work - not interested in living in it so FHA is out too. That leaves some type of portfolio or hard money.

I'm really interested in lenders who have a seasoning requirement less than 12 months.  This will allow me to use hard money for the purchase and repairs but not spend a fortune on debt costs. I also like the idea of pulling my money back out later.

Purchase and repairs are around 200k.

Thanks

Adam 

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