Looking for a fix & flip lender in Louisiana

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Looking for a fix & flip lender in Louisiana

Rachel Gniady Hurst
Flipper/Rehabber · NOLA · Member since 2021 · 3 posts · 0 votes

Hey,

Of course a good deal comes along when I'm cash poor. Wholesaler friend sent me a house that's right in my buy box this morning. Looking for a fix & flip loan, 6 month term is fine. I'm experienced. Have a great agent with buyers in the pool looking for a property that meets this description. I have a full team of subs that I work with all the time. I'm in the middle of a cash out refi right now on another BRRR to STR, but want to give this a shot because its a very saleable property.

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    3y
    Quote from @Rachel Gniady Hurst:
    Hey,

    Of course a good deal comes along when I'm cash poor.  Wholesaler friend sent me a house that's right in my buy box this morning.  Looking for a fix & flip loan, 6 month term is fine.  I'm experienced.  Have a great agent with buyers in the pool looking for a property that meets this description.  I have a full team of subs that I work with all the time.  I'm in the middle of a cash out refi right now on another BRRR to STR, but want to give this a shot because its a very saleable property.

     Hello Rachel, 

    When do you expect to close on the refi? If experienced you may go up to 90% of the PP and 100% of the Rehab financed 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
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  • Nicholas Ruscio
    Lender · Member since 2023 · 112 posts · 35 votes
    3y

    Hi Rachel,

    Sounds like you have a great opportunity on your hands. Please feel free to DM the property details and I can look into this further for you! 

    Best, 

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  • Stacy RaskinBusiness Member
    Lender · Member since 2022 · 1k+ posts · 514 votes
    3y

    @Rachel Gniady Hurst, depending on the project, there are lenders that will lend on a 80% of purchase price (so the buyer/borrower comes in with a 20% down payment) and 100% of construction loan amount with maximum 70% ARV. They offer up to 12 month interest only payments. There are some lenders that will finance more than 80% purchase price but a baseline I'm seeing with lenders that can actually close.

    [email protected]818-770-0340
    Bright Skyline518 Reviews
    WebsiteView Page
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