Looking for financing on fully-occupied 8-unit in Chicago. Sales price $200,000; building value $280,000. Rent is low in that area, each unit is going for an average of $425/mo. Borrowers have credit in the 500′s — excellent repayment history, except one has a 1×90 on a Capital One card and the other has a medical [...]
Archive for the need investor Category
Need 30K Earnest Money Loan Secured & w/ 15% - Posted January 18, 2011
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, [...]
1.6 million dollar loan - Posted September 11, 2010
Wonder if anyone has any ideas as to were I can place a 1.6 million dollar loan. Credit middle score is 571, no mtg lates, full doc. LTV would be approx. 65 to 70 pct. Debt consolidation, a little cash out if possible.