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04-23-2019, 01:42 PM #1
$400,000 Cash Out Hard Money Loan Sought ASAP 2nd Pos. in Cali
As is $1.2 MM
ARV $3MM (contract should be in place today & pending necessary upgrades to the property)
Currently $750,000 total to be drawn out of construction line of credit over the next 30 days.
Need Interim Loan (Mezzanine loan) for $400,000 in 2nd position to pursue further real estate interests in NY.
$400,000 will be repaid at sale of property in the next 30 days (exit strategy).
Please PM ASAP if you are the right lender! Need funds ideally within 5 business days.
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