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Updated almost 5 years ago on . Most recent reply

User Stats

36
Posts
7
Votes
Jason Johnson
  • Rental Property Investor
  • Fullerton, CA
7
Votes |
36
Posts

Need private or commercial lender that will finance <$100k

Jason Johnson
  • Rental Property Investor
  • Fullerton, CA
Posted

I have four properties in Euclid, Ohio, located within 1.5 miles of each other, that I need to get refinanced out of a land contract with a $53,500 balloon. 

The properties have a nice cushoin of equity. Even with a loan of $100k, the LTV is 55% if we took the conservative $180,000 value. The estimated value is $180,000 to $200,000.

Three out of four of them have paying tenants.  One is vacant.  Income when fully rented is $2800. Any referrals to private or commercial lenders would be greatly appreciated. 

I live  in California. Looking to get this done as soon as possible. Feel free to message me directly.

Thanks in advance.

  • Jason Johnson
  • Looking for

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