Home Buying in Cincinnati>Question Details

GreenHarborH…, Real Estate Pro in Cincinnati, OH

Any hard money lenders finance purchase and rehab? I buy-hold-rent in Cincy. Looking for 1-3 years financing, and then to bank refy to payoff balloon.

Asked by GreenHarborHoldings, Cincinnati, OH Mon Oct 8, 2012

I need financing for a very small project. Purchase price - $31k. Very little rehab - $10k. After repair value - $75k. The property is a duplex - 2BR and 4BR units. I'm looking to make interest payments for a one to three years, and then to refinance into a bank mortgage to payoff balloon principal. Are you interested?

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1
Try Private Money Exchange, depending on the amount of equity and the amount of loan. Usually they can loan to 65% of value of your property, somethings more.

Check this link:
http://www.privatemoneyexchange.com/dder/

email me at dano@adeder.net if you have questions.

Dan
0 votes Thank Flag Link Sat Oct 13, 2012
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