Seeking Private Lender for 2nd lien on project in NJ

[Dave McIntyre]

We have a portfolio of SF rentals in northern NJ and currently have an opportunity on one of our flip projects.

Currently looking for approx. $70K for a SFH rehab project that's gone over budget for which we'll pay very attractive interest rate (20%).

Seeking: $70k interest only loan at 20% interest for up to 12 months.

Funds can be secured against any of the properties in our selection of nearby SF rentals that have great equity.


Subject Prop Info:
Location: Essex county, NJ
Type: SF detached
ARV: $900k (was $1m when we bought it)
Debt: $690k
Exit strategy: Sale of subject prop

Rental Portfolio Info:
Type: SF homes (6)
ARV: $4.0m
Debt: $3.0m