Birmingham, AL · Member since 2016 · 23 posts · 3 votes
Looking for private lender in Alabama.
2 bedroom 1 bath SFH in the hottest market in Alabama (35209). Zestimate is at $68k. Asking $60k but I believe I can secure it at $45k. Renovations needed are: New Roof, A/C, water heater, electrical, plumbing, updating floors, kitchen and bath for all under $80k. Other houses in this area that are renovated are selling for well over $240k. The plan is to rehab it and get it rented out while still in renovation and complete the project in 3-4 months time. I will have a bank lined up to switch it to a conventional loan and pay off the loan I receive. I have already successfully flipped my first house at 2770 NE 25th Terrace, Boca Raton, FL 33431. Made $32k and learned more than I ever could've imagined. I have a passion for real estate and creating a future for my family. I would like this to be the first step in a bright and fruitful business relationship.
Professional · Roseville, CA · Member since 2017 · 174 posts · 31 votes
9y
Hello Blake,
My name is Melissa McGuire I'm with Vanderbilt Commercial Lending Inc. We just started a loan program that I believe will be a good fit for you can you email me at the address below and I will get right back with you. Thank You
Professional · Roseville, CA · Member since 2017 · 174 posts · 31 votes
9y
Hello Blake,
My name is Melissa McGuire I'm with Vanderbilt Commercial Lending Inc. We just started a loan program that I believe will be a good fit for you can you email me at the address below and I will get right back with you. Thank You
Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
9y
@Blake Harper Give me a shout if you still need funding. We have closed 2 deals in Fairhope AL and are direct lenders. We offer up to 90% of purchase and 100% of rehab at 9.99-10.99%. Feel free to email me directly.
We can do either the first part, the hard money, or the take out after the renovations are complete. We do the second part with no seasoning on title using the appraised value.
Send me a PM for more information when you get a chance.