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Updated over 7 years ago on . Most recent reply

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1,509
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Patrick Britton
  • Ann Arbor, MI
995
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1,509
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Wanting very small loans for high cash-flow rentals

Patrick Britton
  • Ann Arbor, MI
Posted

I am looking for a private lender willing to lend as little as $30,000 in Illinois.  There are a few sub-$60k, currently rented, perfectly decent homes that I would like to get.

I am willing to consider 

  • interest only
  • short-term (min 2 years) and long term
  • high rates (TDB but very high single digits to low double)
  • low LTV

Although, I would prefer a longer-term note holder I have no objection to a 2 year term with balloon payment at end, for instance.  

please - DON'T CALL.  Send me a private message only.  

thanks! 

Looking for

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