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 PropCityOne, 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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Danny Der’s answer
Danny Der, Both Buyer And Seller, Outside U.S.
Sat Oct 13, 2012
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
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AUSTIN OJIMG…, , Orlando, FL
Fri Mar 3, 2017
Our Minimum Loan is $50K unfortunately i can't help you with this one.
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