I'm looking for a private lender that would be willing to loan 50 to 75% on a short-term. It would be perfect if I can pay interest only.
If you can help me lets talk. If you know of a lender please let me no. I will work with Mortgage brokers. I have DAMAGED CREDIT.. My credit score can not be the criteria for funding. Consider the property potential.
On the Square and on nearby streets, spacious three-story Italianate style row houses pre-dominate. Most are pre- and post- Civil War Italianate in style, but there are many examples of Early Victorian Greek Revival and Late Victorian Romanesque Revival. Many homes have ten-to fourteen-foot ceilings, tall distinctive windows, wood floors, and plaster walls. Exteriors are brick and mortar facades with attractive cornices and marble steps. On side streets and alleys are found still charming two-story and two-story-with-attic rows. House prices range from $50,000 to $175,000. The 229 South Stricker street property shares the quality of homes that exist in the neighborhood. It is 4 stores, with 4 bedrooms, the back bedrooms give you a clear view of the city and at night the Camden yard lights gleam the sky. It�s it proper state it will be a demand property in the future even a it boosts relative demand now
Objective of Funding
The 200 block has had sells in the recent 6 months of $50,000 or better. This gives us an approximate value of 229 South Stricker street, the subject property. We need to generate a minimum of $27,500. The mortgage holders have agreed to settle the lien for 30% below the original loan. This will give us the equity to refinance the home for 55% (or better) of the value.