Great #'s, Need Hard Money Lender (NJ) - Posted by Desperate

import · September 27, 2003, 4:33am

Posted by dave on September 27, 2003 at 20:06:04:

can you foward more info to me. or your telephone number.

import · September 27, 2003, 4:33am

Posted by Desperate on September 27, 2003 at 04:33:03:

Here’s my situation:
I have 550 credit, own my condo (3yrs,$125K equity-wife won’t let me touch it) have W2’s ($80K,$125K,$90K), got laid off, switched industries - can’t verify income, have $10K down payment.

Property: 8 family (NJ)
Price: $170K
Rents: $68,400 (yr)
NOI: $43,529 (yr)
Cashflow:$ 2,191 (mo)

Problem: Need 100% financing (preferably) or 5% down on commercial, need $20K for repairs.

Thanks for any help.