I have only used true private money on smaller transactions. 50k and 80k for example short term for 12-15%. When you get into the range of $500k. Is the private market still there for longer terms like conventional loans? Is the private money strictly short term or there exist 15 year for example...
I have duplex in a small city outside Gainesville Florida. It’s worth about $240k being a 3/1 and 1/1. Zoning allows me to put 2 more doors on. I want to build another duplex 2/2 each side. I have $60k equity in it that would use to secure a $40k bridge loan to start all the permitting and site w...