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 someone looking for refinancing in Washington:
Purchased a property for $260,000 with ARV at 345,000 that will close on the 26th of November. I have 13,000 of my own money and 3,500 in escrow. I already have a hard money loan for 210,000 towards the purchase and 30,000 for rehab.
In the process of obtaining a business line of credit with a written grantee for a minimum of 80,000 that I intended to use towards the purchase, but.... it may not be available in time for the closing.
Looking for a short term loan of 65,000. which can be guaranteed through the business line of credit, which I receive........
The lender would have to be willing to be 2nd because the hard money of 210,000 is first.
I can be reached at email provided.
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.