Looking for hard money lender/private investor for acquisition and rehab for a property in Royal Oak.

Asked by Lauren, Detroit, MI Thu Dec 13, 2012

Offer has not been made yet.

Bank Foreclosure
Single Family Home

Listing price: 69k
Last Sale Price: $117,500
Taxable Value: $113,200
Total Sqft.: 1,113

I have a downpayment available. If you are interested, let me know and we can discuss the terms of the loan.
Thanks, Lauren!

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Answers

4
Hardmoneymi, , Huntington Woods, MI
Thu Jan 3, 2013
We are a licensed lender in Huntington Woods, Michigan, specializing in private mortgages for investors and home owners for just this reason. We have funded several purchase-rehab projects in Royal Oak over the last several years that were very successful for our borrowers and they have become repeat clients. Just be aware that all lenders who finance residential property must be licensed in the state where the property is located so check out any potential lenders who might make you offers to lend, at http://www.nmlsconsumeraccess.org. If you would like more information about our guidelines and programs please visit our web site, at http://www.metro-mi.com or call us at (248) 547-3006 and we would be happy to discuss our terms.
Web Reference:  http://www.metro-mi.com
1 vote
Admin, Home Buyer, New York, NY
Fri Feb 10, 2017
Here is a great source for Hard Money Loan Lenders in Michigan:
http://www.equitablerealestatesolutions.com//fast-hard-money…
0 votes
Danny Der, Both Buyer And Seller, Outside U.S.
Sun Jan 6, 2013
Hi Lauren,

Please email me if you are still looking for private money loan for your property., I can help you with the loan application process and how you can get funding quickly and successfully.

Danny Der
privatemoneyexchange@adeder.net
http://www.PrivateMoneyExchange.com/dder
1-888-840-1183
0 votes
Danny Der, Both Buyer And Seller, Outside U.S.
Thu Dec 20, 2012
Hi Lauren,

Do you have a recent appraisal of the property? what is the date of the "last sale price"?

Do you have any Comp's (sold, active and pending) within 2 months and half a mile radius of the house? If you are dealing with a real estate agent, he/she should be able get you these comparables, thus giving you the true value of the property.

House value changes with time and neighborhoods. Its important to know what you offer is a good deal for you.

I am a "Private Money" lender, I am a member of a private money network, I or one of my associates can fund you if the numbers on your deal is good, regardless of your credit rating or past history.

Please email me with details of your purchase, how much are you going to offer? How much downpayment ? How much time (when is closing date)?

I can help you analyze the deal, if the numbers are good, we can fund the property very quickly.


Danny W. Der
Deals4RE
privatemoneyexchange@adeder.net
http://www.PrivateMoneyExchange.com/dder
1-888-840-1183
0 votes
I am a small spec, Developer - Homebuilder / Investor, what I have done is carved out a niche for myself building modular homes in Tampa, FL. You can go to Zillow.com, and preview my house at 2801 1/2 Thornton Ave. The house is 3,400 square feet of living area, and has a total of 4,000 square feet under the roof. I buy empty lots, or a tear down, build in South Tampa's expensive neighborhoods, and sell to the market average of between $180-$220 dollars a square foot. The average house size I build is 3,000 square feet of living area. I am interested to know, if you lend money on these types of projects. I look forward to hearing back from you on this opportunity to do business together. We started doing this nine years ago, but slowed almost to a stop during the bubble, and we did stop 3 ½ years ago. If we buy one lot and one house the loan amount requested is $400,000.00..If you are able to fund two lots and two house the loan amount requested would be $800,000.00. I have $40,000.00 t
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