Updated over 2 years ago on . Most recent reply
Hard money loan in Alabama
I am the buyer's real estate broker on a deal that needs a hard money lender.
Alabama short term rental property was just converted from offices. Turn key. 1.3 miles from stadium, 3 blocks from food and entertainment district, 3 blocks from football game day trolley. Football season short term rentals for home games, the rest of the time mid term rentals for traveling nurses and University of Alabama vendors and visiting professors, Mercedes Benz plant visiting personnel.
Comparable rents and values support purchase price and debt service. $1,150,000 purchase price, buyer has 20% down payment via 2nd mortgage loan from one of the sellers.
Please contact me if you can possibly meet this need.