Need a private lender in Holden Beach, NC ASAP!

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Need a private lender in Holden Beach, NC ASAP!

Devin PetersonBusiness Member
Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 665 votes

Need a private money lender (not hard money, not non-qm, not dscr) a true PML in the Holden Beach, coastal NC area for a loan on a beach front property. 

Details:

2 unit STR (Ocean front)

687 Total square feet

Value $600,000

STR history: 3 Years stabilized, ~$12k/month gross income

property currently has a HML loan on it now that needs to be paid off by April 1 2025.

If you are a private lender looking to hold this note for at least 12 months please contact me directly

[email protected]860-538-3672
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  • Zach Berry
    Lender · Pittsburgh, PA · Member since 2024 · 63 posts · 20 votes
    1y

    Hey Devin, we do STR DSCR loans using either AirDNA income projections OR actual income if you have a 12 month history for the property. Happy to run your scenario if you want to shoot me the details. Good luck with this!

    0Reply
    • Devin PetersonBusiness Member
      OP
      Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 665 votes
      1y
      Quote from @Zach Berry:

      Hey Devin, we do STR DSCR loans using either AirDNA income projections OR actual income if you have a 12 month history for the property. Happy to run your scenario if you want to shoot me the details. Good luck with this!


       Zach not the deal for you. Please look at the post. Ty

      [email protected]860-538-3672
      ProAlpha Capital56 Reviews
      WebsiteView Page
      0Reply
  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    1y

    Did something fall through?  April 1 is just 11 days away.  What happened?

    0Reply
  • Devin PetersonBusiness Member
    OP
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 665 votes
    1y

    No comps, not one. very unique. Needs a PML who is in it for low LTV and high cash flow familiar with the area

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    0Reply
  • Brandon Croucier
    Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
    1y

    What's the payoff? I have some private guys in the Carolinas.

    0Reply
  • Carol Holmes
    Member since 2025 · 1 post · 0 votes
    1y

    Hey @Devin, I'm glad to help! Can you send me more details via DM?

    0Reply
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