Private Loan REO $90-100K, 3-6 months, Pre-Apprvd. for Trad. Loan

[Duke George Brady]

Looking for Private Money lender for purchase of distressed REO 2/1.5 on 2+ ac near Joshua Tree, CA.

-$90K purchase

-$15K for minimum repairs to be able to refinance under traditional loan

-3-6 months repair time

-$150K + ARV

-Credit score > 780

-EM ~$14K

Would owner-occupy after Refinance, but AirBnB it for a majority of each month. Additional mother-in-law/storage dwelling on site.

Property bank owned. Pre-approved for traditional loan after minimum repairs.

Several co-flips under belt. Had another JTree cabin under contract earlier this year; punted on it because of unfavorable renter-tenant developments. Knowledgable of the area with a network of 6 other colleagues' homes.

Let me know your terms and thanks for looking! 

Duke