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I have 4 buildings and 3 lots down town as is value 16 million. Completed value is 70 million
I need 4.5 million for 1 year I have 6 million in escrow to renovate 1 building and i can get a loan against it and pay back the investor. I repeat i want an investor tired of brokers that cant do a thing!
I can get the seller to hold the mortgage for 650k guaranteed by real estate Loan me 650k for 1 year receive a great return.
The bank will hold a first position and you can hold the second.
We have a list of funding sources that specialize in fractured condos. List isn't long. Not all commercial lenders do that.
Meeting investor approval criteria of course is everything in getting approved.
We profile many specific capital providers on our 200 finance topic/source blogfeed