11 Property deal with less than 60% LTV in Euclid, OH
Looking for financing for a property portfolio in Euclid, OH. I have a partner that is going to be securing 30% stake in the purchase, looking to finance the other 70% of the purchase. The package is worth around $1M (BPO from 3 months ago states a conservative estimate of $955K). Contracted purchase price is $800,000. I have a partner who is going to supply a 30% stake of the purchase price and I need financing for the remaining $560,000. This would be a 1st position lien on $1M worth of property for $560,000. Looking for a 20yr amortization.
Properties are under contract and we are ready to move. Please contact me ASAP if you are interested.
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