Construction loan to finish home - Sherwood Ohio

[Richard Huizar]

Investment Info:

Single-family residence private money loan investment.

Cash invested: $75,000

Borrower Purchased land and started construction out of pocket. Needed funds to finish construction so they can refinance and hold. Borrower had detailed records of all monies spent to date. Owner builder with tons of experience.

What made you interested in investing in this type of deal?

Borrower large cash position invested.

How did you find this deal and how did you negotiate it?

Borrower answered my online advertising.

How did you finance this deal?

Private funds from my retirement account.

How did you add value to the deal?

Borrower is a seasoned builder with significant cash invested into this property.

What was the outcome?

Funded in 21 days and he will complete the home is 90 days.