Provo, UT · Member since 2016 · 55 posts · 15 votes
As I said in the title I'm looking for something fast. I want to take out the cash in a duplex I own free and clear in Binghamton NY. It's worth 120-140k. I could get a DSCR loan but I've got a time crunch on the opportunity to the tune of a 10k discount if I can get it under a week. Looking to pull 80-100k out. All the people I've talked to require an appraisal, which is the main time eater on getting the loan. So do you know of anyone who would do a hard money, dscr, or bridge loan on this property and be able to close by Mar 15? I know some people will use a BPO or just run their own comps, but none of the 60+ people I've called so far will do that.
Ko, I called your company, they would take too long. Ammabelle, the unsecured loan wouldn't be high enough, they generally only go 2-3 months of income, I wish I made that much for that timeframe.
Ko, I called your company, they would take too long. Ammabelle, the unsecured loan wouldn't be high enough, they generally only go 2-3 months of income, I wish I made that much for that timeframe.
Hi Stewart,
What's the scenario here? I do know one that can close within 2-6 days with prelim/title commitment readily available.