Updated over 8 years ago on . Most recent reply
Private Investor Needed
Seeking 44.5% LTV on 4/2 split level home on 2.29 acres in Eugene. The property is currently owned free and clear. Real market value, county records $339,091. Comp value $369,900. Loan sought: $150,000 at 8% for 5 years, proposed payment approximately $1,126.50. Purpose of funds: Home restoration for rental. Rent amount ranges: $2,500-$3,500/mo. Estimated repairs: $20,000. Eliminate debt of $100,000. Working capital to expand part-time business to full-time. Average annual gross sales of business is $105,000, 26% net ratios, largest expense is debt service on credit cards.