Looking for Lender to fund $150K first mortgage on a $630K home

[Eli Silverman]

I have a 6 bed 4.5 bath 3942 sq ft two story single family home under contract for $480K

House was built in 2003 in Julington Creek (St Johns county) near Jacksonville Fl in the 32259 zip code has a 3 car garage and backs up to preserves in a gated community.

House is worth $620K-$630K Looking for a private investor to fund a first mortgage of $150K between 12 and 24 months. seller will be taking back a second mortgage for the balance.

House only needs paint and carpeting to make it market ready.

Will be marketing the house for sale, Lease option and for rent. Preferred exit strategy is a 3 yr lease option.

Looking to pay %10 on the loan. If interested, Please contact me.

[Sam Thomas]

How much are you investing into the project?