Lenders wanted

OH, Multi-family, Refinance, $45K, FICO, 25% LTV
Posted on 10/1/2014 11:05:40 AM

My wife has a four unit home, storage units and workshop on 5 acres with a pond in Philo, OH. Our family is looking for a $45,000 to $50,000 interest only loan with a balloon payment due in two years or upon the sale of the property (whichever occurs first). There are no liens on the property as it is owned with 100% equity. Our credit is poor and that is why we cannot qualify for a traditional home equity loan at this time. Funds will be used to repair credit, complete renovations, and personal use.

Will you please consider loaning us $45,000 to $50,000 knowing that there is plenty of equity in the property and that we do not live there?

Sincere Regards,
Randall DeClue

REPLIES
  • by Atlantic Financial Services LLC on 10/2/2014 8:32:28 AM

    I have a hard money lender who only looks at real estate not credit! 50% LTV a BPO evaluation. 12% and 12 lender points! Call me if you are interested 800-313-2410

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