Texas. I can get a loan to build the homes 1484 sq. ft 3-2-2, a value at $120,000.00,I can construction loan of 50% to 55% LTV. I need to put the construction lender in the 1st lien position. I can give you a 25% yearly return on your money.
I think the problem's going to be position.
Scott Miller, Realty Associates, Boca Raton, FL
Since many of the hardmoney lenders have vanished, I have to know more about these properties. Are these properties single or multifamily? If single family what is the money for? If multifamily, are they cash flowing presently? There are too many things that I need to know to be of help.