Private funding needed in Michigan
Hello,
I am seeking a secured working capital loan for $125,000 to purchase a duplex and a 12-unit building, plus provide a small amount of working capital funds. The term would be 12-18 months, 15% APR (interest rate negotiable), 12 month loan total interest paid would be $18,750, 18 month loan total interest paid would be $28,125 which is an extra $1,562.50/month for the investor. The entire amount of interest would still be paid even if I prepaid the loan. The amount allocated to the duplex would be $20,000, the 12-unit, $105,000. The appraised ARV of the duplex is $104,000, the approx. ARV of the 12-unit is $498,900, more than enough equity to cover the investment. If interested I have a detailed key information analysis for each property and would be happy to explain the full scope of the projects as well as provide my investing history. I own several buildings and have an accomplished record of investing. Please respond to this post or email [email protected] for more information. Thank you,
Sherri