Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

84
Posts
41
Votes
Garreton Smith
  • Flipper/Rehabber
  • Bronx, NY
41
Votes |
84
Posts

Private Lender Opportunity 15% CoC

Garreton Smith
  • Flipper/Rehabber
  • Bronx, NY
Posted

I hope all is well!

Would you be interested in funding a BRRR for a property in Albany, NY my team at GSS Development Group currently has under contract?

We’re looking for investors to lendmoney at a 15% annual interest rate, paid at the end of the project (roughly 6 months).

This loan will be backed by a promissory note and a mortgage security document.

  • Total Project Costs (Rehab + Purchase): $150,000
  • ARV: $250,000
  • Return: 15% Annual Return
  • Project Timeline: 12 Month Max Term, with the option to repay sooner
  • Refinancing 75-80% of ARV
  • Lender take first position lien
  • Minimum Investment: $30,000

(Really looking for one group or investor)

As an example of our track record with our flips, we recently completed the sale of this flip. We purchased it for $406,000 and successfully sold it at $625,000, easily paying back our private money lenders on this deal.
Private lenders or group no hard money!

Loading replies...