I just had a local credit union approve a refinance and pull it a day before closing when someone on the team flagged that I wasn't a local investor. Property was appraised for $80k.  Hard money loan pay off of $55k.  Looking for a private investor that would be willing to finance at 6-9%, 1-2 points,  15 or 30 year loan with 1-3 year balloon payment (depending on the lenders preference).  This is a cash flowing property, fully rented at $2450/mo gross rent. Taxes are $172/mo. Insurance is $210/mo.  Professionally property managed. 

Anyone interested?