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Updated over 9 years ago on .

User Stats

54
Posts
9
Votes
Oscar Lopez
  • Investor
  • Greensboro, NC
9
Votes |
54
Posts

Need Funding for Repairs-10%ROI,plus 2 points

Oscar Lopez
  • Investor
  • Greensboro, NC
Posted

Hope all is well Folks and thank you for checking out my ad, with all due respect I am ONLY interested in individuals that have their own funds to lend.  Here is my scenario:

I have three properties that I need repairs funding for, two of them are free and clear or have zero liens and one currently has sellers existing mortgage. 

Property A:

Located in Graham, NC is a 3/1.5 1200 sq ft. and the LTV will be 29% Max.

Property B:

Located in Tazewell, Va is a 3/2 1400 sq ft. and the LTV will be 25%.

Property C: Located in Randleman, NC is a 3/1.5 1600 sq ft. on 5 Acres has an existing loan on it at 2.9% 10 year term with less than 7 years left on it and its current. The LTV on that one would be 55% but your loan will be a second lien.

Each property needs $20k-$30k in repairs ( MAX ) none of them have any major damages, all cosmetic.   

The total loan amount would be $60k-$90k.  Please feel free to reach out to me if you are interested in this mutual opportunity.  Thank You very much. 

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