10% On 30k In 45 - 60 Days
I am currently in contract for sale to sell one of my properties- a three family in Red Hook, Brooklyn - for 410k. There is an assumable private mortgage for 305k that the buyer has agreed to take over. The buyer has put down 10% (41k)with no contingencies and a closing in 30 days (the rest is due at closing). I will receive the signed contract from my attorney back tomorrow.
My problem is i have a partner that needs to liquidate their equity in this deal asap. They need 30k by Thursday, which represents their complete interest in the deal. I am willing to give a 20% return on the 30K, paid when the deal closes (I only mention 45 - 60 days in case something happens that i could not anticipate). I will give a notarized promissory note, or whatever we can arrange. If you need references i can furnish that as well.
Please call Me Dwayne Jeffrey at 646.529.0180
[ Edited by nyideaman on Date 07/09/2008 ]
[ Edited by nyideaman on Date 07/10/2008 ]
There are commercial lenders DYING for deals like this..... Why are you fishing for "partners?" [ Edited by ypochris on Date 06/25/2008 ]
So how is this deal coming along?