Buyers just had our offer accepted and are sourcing an acquisition loan for an Oakland duplex fixer. Seeking a lender who can close by Dec 21 and be competitive on points with loan amount of 840-900K (70-75% LTV).

Basics to start:

Purchase price: $1.2M

Assets: greater than PP

Income: 160K+

Credit: 750+

Experience: Buyers already live in beautiful lower unit unit as tenants, but upper unit needs work

Plan: Buyer has cash to cover the holding costs (4 months) and $50K rehab (GC estimate) necessary for bank refi.

Please message me if you are willing and able to invest.