Seeking Hard Money Loan for Detroit Flip Deal

[Paola Richardson]

Thank you in advance for reading this post

NEED QUICK CLOSE SEEKING HARD MONEY LOAN

We travel to markets of interest to my clients to locate or evaluate real estate deals for them. We have been in the Real Estate and construction field for over 20 years. Some examples of the services we provide include acquisition, rehab cost, rent analysis, and projections for small investors.
We are presently focused on the Detroit market.

Our new Detroit investor client has located a deal that can't wait for a conventional funding timeline. 

The Borrower is a Federal employee w/ solid work history, 680 fico

owns another Detroit $150K single family property free and clear.

He is seeking

Option A                                or                       Option B

$26K to $50K (acquisition)                        $130K (acquisition + rehab)

The Deal details: 
The target property cost to acquire $36K
4000sf Brick single family,  in need of rehab

The property in it's present condition- comp based appraisal $103K
Repaired comp based appraisal $196K

Buyer is bringing $10K to deal
Seeking $26K- $50K to secure the property, or full acquisition and rehab loan

Term: can be as brief as 6 months for acquisition
He is open to discussing various option on points, interest and terms.

Given the LTV, this should be a no-brainer deal

Must close within 10-14 days,
Extension of contract deadline is unlikely.

Please respond if this is a deal you can do 

OR

if you can refer us to a lender who can.

Thank you in advance
Lenny

Lenny
734 707 8257
Please serious verifiable inquiries only!
Let me save you some time
No scams, con artists or nonsense