Seeking Creative Financing Sources

[Charles Worth]

I am in search of creative financing professionals and/or portfolio lenders that can help me finance properties in Pennsylvania (PA) such as Philadelphia (Philly), Chicago, Kansas City and possibly Alabama.

The BRRR strategy is the strategy I primarily use and I can already get purchase price financing I just can't get LTV based financing in most cases. I have great credit, a very good income and a good asset base.

I am not interested in HML, high fee/point financing packages or very short term (5 – 10 year) loans though I would consider the latter for financing during the rehab or until my six month seasoning is over. Any product made for no doc, low doc or bad credit probably does not fit me because it is priced for the risk.

I would generally say rates above 8% on shorter term stuff and 7% on longer term loans are not attractive as I am not flipper right now.