Sacramento Private Financing Wanted
Hi, like a lot of you, I loan my own money, and also flip etc... I also run a large 625+ member real estate investing group. I have a good friend who needs $75,000 to rehab his primary residence so that he can sell it. I can do this, but have too much money out right now...he needs it sooner than I can get mine back. He has a condo in a nice area valued at $140,000 and it is owned free and clear. The total LTV/CLTV is under 55%. He needs this money short-term and wants a 6-month loan. He may be able to pay it off sooner, as his primary will be sold and it is in a very high demand area. He has equity in the primary, but has a 1st and 2nd, and I doubt any of you want to be in 3rd :-). He will pay at least 10% and possibly 12%, so reach out if you are interested... I have many many hard money lender options, so only asking for private individuals,... thanks!