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Updated about 8 years ago on . Most recent reply
Need Private Lender for 3 Property Purchase
Experienced RE Investor seeks Private Funds for 12 month term to purchase 3 properties in Denver Metro Area.
Loan Amount: 225K (70%) LTV
Property Values: 325K
Currently Rented: $3,185 per month (less minimal expenses)
Terms/Info: Will pay up to 2 points and 9.5% APR, (will put up own cash at closing also) 1st lien position on deed to lender, no pre-payment penalty after 6 months, so a guarantee of 15K or 25K if the note runs to term, will personally guarantee (High FICO) six figure salaried W-2 Income, 10 years at same company. Completed 48 flips in the last three years, own 8 rental units, own one SFR property in Denver and one SFR in Parker. Time is of the essence, I am a serious and experienced investor and would require the same in return, these properties became available to me off market and I must move very quickly. PM or call or text. 303.736.9070
Thank you.