Need $25k Gap Funding for Fix Flip

HaveFinancingPrivate Money
Classifieds

Need $25k Gap Funding for Fix Flip

Michael PotortiPro Member
Member since 2023 · 16 posts · 19 votes

Details:

Strategy: Fix and Flip

Year Built: 1964

Property Type: SFH, 3 Bedrooms and 2 Full Baths

Purchase Price: $144,500

Rehab Cost: $50,000

ARV: $245,000

** Loan Requested: $25,000

Security: 2nd Lien and Named on Insurance Policy

Return Offered: 12% APR + 2 Points

Please message me if interested or with leads. Thank you.

0Reply
14 views

1 Reply

Jump to latestLatest
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    1y

    @Michael Potorti

    Gonna have trouble finding someone for that small a loan as interest and point will end up having a lender lose money on the deal.

    Whoever is funding the first see if they will lend you the $ or bring on an equity partner and give up some of the ownership

    7e investments53 Reviews
Join the conversationCreate a free account to reply, vote on answers and follow this thread.