Redeeming a property in AZ - needed a 2nd position loan

[Peggy Beene]

I have an opportunity to purchase a property via redemption, out of foreclosure in Scottsdale AZ. I am needing somewhere between $35,000 - $40,000 to complete the redemption. Property still has a 1st mortgage on it and I am taking it over subject-to, which has a 2% interest rate. The property has $250,000 conservatively in equity and is valued at over $900,000. No rehab is necessary. Exit strategy is to rent out the property.

Does anyone know a lender who will do a 2nd position private or hard money loan?

Thank you for any feedback.

[Chris Nalim]

Reach out to Anchor loans https://www.anchorloans.com/lance/  Highly recommend him