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01-31-2019, 01:03 PM #1
Wholesaler Did $1.6MM Last Year Gross. Seeking $3-450K ASAP Term Loan. FICO 590
This one needs money ASAP, like 7-10 literal days.
Avg. $135K/mo on banks
Real Estate value: $575K; loan balances: $190,000; approx equity available: $212K (@ 70% LTV, being conservative)
Location: North Carolina
Guy wants $450K term loan with no less than 2 years to repay; 4 yrs preferred. Monthly payments.
Ready to pledge RE as collateral, but prefers 2nd position unless you can make hard money happen at rate lesser than 10% without upfront money.
Anybody knows where I should take this deal?
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