Looking for Private or Hard Money Lender to fund a deal!!

[Jacob Caddick]

I have a property under contract, and looking for a Hard Money Lender to finance deal.

I am looking for $150,000 ($72,000 Purchase, $78,000 Rehab). I have had a contractor look over everything twice. Construction duration would be about 3-4 Months.

Comps should appraise between 160-180K. Would be trying to refi this out in 6 months.

Rent comps are somewhere between $650-$850. 

This deal contains 2 Fourplexes that are separately deeded. I will be rehabbing one at a time, and after renting out the units, will refi and return money. Each 4 plex should appraise between 160 and 180K. The actual rehab budget is about $150k for both buildings. I only $150K instead of the full $225 because I will pay back purchase price and roll rehab over into the next property. 

Please contact me if you need any further information.

Thanks in advance!

[Adam Ghrist]

Hi Jacob, we can do both the purchase/rehab and the refinance into the long term rental. We have a 5/1 ARM, 7/1 ARM, 10/1 ARM, and a 30 Year Fixed. I cant give you 100% funding on the purchase and rehab...that part is determined by your experience and the highest we go is 90% Loan to Cost. Our rates are really attractive though so that helps. My email is [email protected]. If you think our program can work, give me an email, thanks

- Adam Ghrist