Anybody know of a lender that will fund this situation. Renovation loan to repair a 4-plex, ARV $90,000, purchase price $25,000. Next, SFR, ARV $75,000, purchase price $35,000. Middle score 498. Thanks.
Hard Money Lenders tend to lend up to a certain percentage of the ARV.
Not necessarily consider credit score at all. They DO WANT TO SEE A WILLINGNESS TO PAY.
If you blow off your cable bill and phone bill and then relocate and do it again, you may not get a loan.
But if you had a bankruptcy and are clearly trying to work things out and pay your bills, they will concern themselves only with the property in question.
Look at the Lenders tab on the menu for THIS WEBSITE.
Many lenders. If your numbers are right. I'm sure some in your area will lend on this deal.
Quote:
On 2004-02-08 01:53, gdickson wrote:
Anybody know of a lender that will fund this situation. Renovation loan to repair a 4-plex, ARV $90,000, purchase price $25,000. Next, SFR, ARV $75,000, purchase price $35,000. Middle score 498. Thanks.
Send me a PM as I know a person in GA who might be able to work with you.
Hard Money Lenders tend to lend up to a certain percentage of the ARV.
Not necessarily consider credit score at all. They DO WANT TO SEE A WILLINGNESS TO PAY.
If you blow off your cable bill and phone bill and then relocate and do it again, you may not get a loan.
But if you had a bankruptcy and are clearly trying to work things out and pay your bills, they will concern themselves only with the property in question.
Look at the Lenders tab on the menu for THIS WEBSITE.
Many lenders. If your numbers are right. I'm sure some in your area will lend on this deal.
gl
N.
Quote:
On 2004-02-08 01:53, gdickson wrote:
Anybody know of a lender that will fund this situation. Renovation loan to repair a 4-plex, ARV $90,000, purchase price $25,000. Next, SFR, ARV $75,000, purchase price $35,000. Middle score 498. Thanks.
Send me a PM as I know a person in GA who might be able to work with you.
John