Updated about 2 months ago on . Most recent reply
Looking for Private lender for quick purchase and refi
Looking for a private lender that would be willing to purchase 2 new built properties for around 600k. We have them under contract and have to close by next monday. These properties will be rentals and I already have 30yr DSCR loans in the works, they just can't close in time.
What I am proposing is for an investor to come in and purchase them. I can either hold title and you go in 1st lien position or you hold title and just write a purchase agreement to sell them two me, I dont care either way.
Investor would provide the funds for the purchase and name his term for how much to add onto the properties when I buy them/refi them.
I am open to whatever rate as these are important to me but time is short also.
If this is something you be interested in please DM me and lets discuss detail further