Urgent: Need Hard Money for Deal in Socal
I have signed contract on a 3/2 house in La Mirada, CA, that is a bank owned.
Value is $420k after (minimal-paint & carpet) repairs
I am looking to borrow $290k ($275k for purchase and $15k for repairs).
Time frame is 3-6 months.
That area supports conventional (non-FHA) homebuyers, so no need to have title seasoning.
Let me know what else you need to know.
I am open to paying straight pts & interest, or share in equity, or even some of each! I would rather make some of something, rather than 100% of nothing.
I would like to have approval by tomorrow, as the we have to open escrow by tomorrow 5pm, or we lose the deal. I don't want to open escrow, and put 10k deposit, without having a good committment from a lender.