Need advice to find hard money lender... - Posted by JCarpenter

Posted by graham on November 16, 2004 at 15:28:16:

Need Hard Money in Detroit for apartment unit. Any referrals?

Need advice to find hard money lender… - Posted by JCarpenter

Posted by JCarpenter on September 10, 2004 at 20:31:12:

I have found a sweet property but it comes with an inflexible seller. It is a nice little duplex in a neighborhood that is appreciating in value. The property is valued around 60K, the seller is asking 50K, but is not willing to take back any financing under reasonable terms. I have enough for 20% down, just need to come up with the additional 80%. The property is generating $825 per month… should be a real nice cashflow property. Does anyone out there know af a hard money lender in NW Ohio or SE Michigan who might be interested?

Re: Need advice to find hard money lender… - Posted by Don Dion

Posted by Don Dion on September 12, 2004 at 20:11:54:

If the property is in MI drop me a line I might be able to do the deal for you but need more info on it.

Re: Need advice to find hard money lender… - Posted by James Strange

Posted by James Strange on September 11, 2004 at 13:10:42:

Why do you need a hard money lender? You may have better options than three or four points and 15% interest rates.