Check out this tough loan from Ohio

by Ryan Smith08 Oct 2014
When you’re looking to fund a tough loan, check out our Lenders Wanted section. You can post the loan details for MPA readers to consider. And if you’re a lender who eats tough loans for breakfast, you can reply to let the poster know you can help.

Here’s an interesting one from Ohio:
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?

Know how to help? You can reply to the poster here.

Want to check out other loan scenarios? Click here. Post your own tough loan in our Lenders Wanted section by clicking here.


Should CFPB have more supervision over credit agencies?