HM Lender needed for LLC purchase; LLC is buying property
I have a scenario where there is a short sale approved for an LLC. Another entity wants to buy the LLC outright, including a property they have under contract, at the time of closing. Since the final entity buying is buying an LLC and NOT the property itself, this presents a challenge in finding funding for the purchase. The numbers are: Purchase $130k, Rehab $35k, ARV $260k. The property is in Maryland. Can anyone recommend a hard money lender that would loan under these circumstances?
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