Seeking Private/Hard Money Loan 12 mo term
Financing sought to purchase an amazing, undervalued 50,000+ sf entertainment complex in a major U.S. tourist destination.
LTV >50%
- Seeking $1.3 - 1.7M secured by 1st lien
- Property appraised at $3.28M
- 60+ years combined owner/operator industry experience
- offering +/- 12% interest only for 12 months (30-year amortization)
- Exit strategy USDA-guaranteed loan in 12 mos maximum (property deemed eligible)
- Possible seller 2nd if necessary
- 10M+ anticipated annual gross income
Looking for