Do you eat tough loans for breakfast? Check out this one from our Lenders Wanted section

by Ryan Smith02 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 Connecticut:
I have a person looking to purchase a 42 unit SRO building that they have managed for 2 years for the present owner. Buyer is a licensed realtor and well connected in the local market with shelters, counselors and law enforcement. They are 95% occupied with steady cash flow. The LTV will be 50% or less. Purchase price about 600K so a 300K first mortgage. Other property available for cross collateralization. Interested?
You can reply to the poster here.

Post your own tough loan in our Lenders Wanted section by clicking here.


Should CFPB have more supervision over credit agencies?