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

6 Replies

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!

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

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