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Private lender for $55,000 loan in Southside Chicago
I have a duplex in the southside of Chicago that was purchased with seller financing. This financing is coming due at the end of the year and I'd like to find someone to replace this loan. Currently it's 7% interest only payment on about $55,000. The value of the duplex is between $70,000 and $105,000. It's undergoing a large renovation in the vacant unit and once stabilized, should provide about $1,650/month. Current tenant pays $725/month.
I am also willing to consider selling the property but would much prefer to find a new lender.
please email me @ [email protected]
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