Posted by Tracy(StLMO) on October 12, 1998 at 21:36:01:
Your info might also help me as we are looking to fund a rehab project here for about 200K (the after-fix-up value will be about 235K; asking price is around 120K and it needs maybe 40K repairs but we want to roll all of our other debt into it so we’re clear. Do you think this sounds feasible?)
If the “institutional” lenders don’t work out, I will look to the “hard money” guys. I have a feeling they will be the ones to help us out. Thanks for the excellent advice. I think I’ll call
on my attorney friend tomorrow and see if he knows of any.