Engineer/Investor · Suches GA · Member since 2011 · 69 posts · 49 votes
Below is our latest private money lending opportunity in Savannah GA on this 1985 renovation / resell project. 3 Bedroom 2 bath, 1700 sq ft. ARV is $169,000. We are looking for a lender able to fund $100,000 all in costs for 4-8 months at 10% APR interest plus 10% of final profit as a bonus. If you can't fund all $100,000 we can still potentially use your funds but the 10% bonus is only paid for a fully funded project. LTV is just 59%. Total return will depend upon project timeline, but at 6 months I estimate the return to be about $8,000 interest plus bonus, totally passive to you. If this sounds interesting please give me a call.