Updated over 8 years ago on . Most recent reply
Need Hard Money Lender for Property with Mold
Hello, I need a reference for a hard money lender to lend on a 145K ARV property I am offering 90K on. I have 20% to put down and would only need the loan for about a year. I would like to keep the initial cost down, perhaps around 1% of loan value. I would need about 70K for the loan. There is mold in the property which the bank will not rectify prior to close but it isn't that excessive and something I can handle removal of with a professional cleaning up for a reasonable cost immediately after closing. I would like to be able to put in an offer to close in 15 days to increase the likelihood I can get the home as it is 1 block from my brother making it ideal for my family and rental in a couple years. Any recommendations are appreciated. Thanks!