Hi everyone—looking for creative financing ideas.

[Morgan Jefferson]

I have a property near Mercedes-Benz Stadium that needs ~$20K in stabilization rehab to reach max rental rates, ideally before the FIFA World Cup this summer. It’s already producing ~$600/month net.

The mortgage is secured by a DPA lien that doesn’t expire until Dec 2027, so any new funding would need to take a junior position.

What financing structures or private lending options have you seen work in situations like this? Open to profit-split arrangements or other creative deals.

[Tom S.]

@Morgan Jefferson  For $20k, an unsecured personal loan would probably be the most efficient way to go.  I've personally used SoFi in the past, I recall it was around 12%, no fees, no prepayment penalty.  Funds in my account in a few business days.

I know Discover and AMEX have similar programs.

Hope that helps!