Hi everyone,

I'm looking for one private lender for a $60,000 personal loan to rehab a two-family property I own in St. Louis, MO. This is a loan, not an investment: I am not offering ownership or a share of profits. You would receive fixed monthly payments plus a fixed fee when the loan is repaid, and your money would go straight into the building.

The terms:

- Amount: $60,000

- Interest: 10% fixed per year, paid by automatic ACH on the 1st of each month

- Payments: interest only for the first 6 months (rehab and lease-up), then level payments of $1,000 a month until the loan is paid off

- Exit fee: a fixed $9,000 (15% of the loan), paid to you when the loan is repaid in full, whether by payoff, sale, or refinance. No fee on partial prepayments, which are allowed at any time.

- Full repayment is required if I sell or refinance the property

For example, if I repay in 4 years, you receive $13,000 of interest plus the $9,000 fee. If I repay in 2 years, your return is about 17.5% per year. I plan to apply part of my annual bonus to principal each year. That is my intention, not a requirement, so on the scheduled payments alone the loan would pay off in about 7.5 years.

How your money is protected:

- You pay my contractor and suppliers directly. The money never goes through my account, and you see invoices, photos, and lien waivers before each payment.

- You get a monthly progress update with photos, permits, and inspection results, and access to the property.

- I will share my pay stubs, W-2s, and tax returns. I have W-2 income as a Director of Capital Expenditure at an industrial manufacturer, I hold a BSEE and an MBA, and I'm a U.S. Army National Guard veteran. If I change employers, I will tell you within 10 days and provide updated income documents.

- There is no lien on the property, because I want to keep my existing low-rate first mortgage (3.25%) in place. You would be relying on my income and my record, and I will document both.

The plan: The rehab is estimated at about $55,000 from a licensed contractor's written bid. A St. Louis nonprofit (St. Patrick Center) has given me a conditional commitment to place residents in both units once the property passes inspection. I will pay the loan from my income and the property's rent.

What you should know up front:

- My credit score is under 600, which is why I'm offering a strong rate and full transparency.

- A financing instrument from a prior contractor was cancelled and never funded, and my attorney is getting a recorded release.

- The nonprofit's commitment is conditional. It is not a guarantee of rent.

If you lend in Missouri or have done a deal like this, send me a private message. I can share a one-page term summary, the contractor estimate, and my income documents with serious lenders. A short call this week would work.

Thank you,

Steven Haskins