Looking for Private lender on deal closing 2/20/2018

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Looking for Private lender on deal closing 2/20/2018

Investor · San Jose, CA · Member since 2017 · 453 posts · 254 votes

Hello, I am closing this Tuesday 2/20/2018 and would like to put the deal out there for any private lenders that may be interested. I am proposing 15% with interest payments made at the end of the refi. It would take 6 months of seasoning which would give a total return of approx. $6,1355.75 below is a link to my deal. Please let me know if I can answer any questions, I would love to connect.

https://www.biggerpockets.com/calculators/shared/748290/34a8e7f9-cc39-484b-8151-993dc53e9f1a

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Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
8y
You won’t be closing this on this by Tuesday.
See this reply in the discussion

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    8y
    You won’t be closing this on this by Tuesday.
  • Investor · San Jose, CA · Member since 2017 · 453 posts · 254 votes
    8y

    @Wayne Brooks I will be closing Tuesday, if I can’t find a lender then I’m moving forward with my own capital. 

  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    8y

    Sean, if/when you close, we can cash-out/refinance you at 70% LTV, after just 30 days of title seasoning: [email protected]

  • Investor · San Jose, CA · Member since 2017 · 453 posts · 254 votes
    8y

    @Simmy Ahluwalia thank you but it sounds like more hard money than private lending.  

  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    8y

    Hey @Sean Carroll - not really.  Rate range from mid 6's to mid 7's Fixed, 7/1ARM (30 year AM) or a 30/30....no hard money here:)  (Just in the origination points which are around 3-ish).

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