All,I am currently in the process of purchasing some property in Dallas, Texas. I have run into an obsticle that, even with 100% financing, I didn’t think about… the $30,000 earnest money payment they want. We are aquiring the property for $1,150,000.00. I would be willing to give you a nice percentage on the loan, say 15%, and the loan would be secured by the fact that it is in escrow and can only be pulled out if funding comes across, or the financing contingency is not met. If no funding, the money comes out and goes back to you with 15% interest. If the funding does come through (which we are confident it will, but you never know) then the money comes out (remember, 100% financing), and goes back to you with 15% interest on top. I need to get this deal closed ASAP and am urgently seeking assistance. If you have any thoughts, or can help, please send them my way.
Post Details
- Post Title: Need 30K Earnest Money Loan Secured & w/ 15%
- Author: admin
- Filed As: need investor
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