We have a newly built SWFL property waiting to sell for $280k´, with a $172k construction loan. We're looking to start another project in Norway and are therefore looking to borrow $30k, essentially in a second position with the property as collateral, and we further guarantee it personally. We're thinking 9 month term, 3 month extension, 40% APR with bullet payment. No conventional hard money lenders with junk fees, points or anything such, no brokers, just a straight good deal. Are there investors interested?
We're further able to offer a share pledge of the LLC owning the property as further security.