We have a preforeclosure under contract at 92K. It only needs cosmetic repairs (carpet, paint, etc). Similar properties in this neighborhood sell for 140-150k. How do I find good private lenders that will allow us to close this deal within the next few weeks?
Most Hard Money Lenders would be glad to loan you the money - they specialize in quick closings, usually. I believe that this site has a specific forum named Financing, Hard Money that talks about this.
I recommend posting on that forum and see what type of response you get. Chances are there is a HML that can help you…
Hope this helps…
Regards,
BobCoolTx
call the HMLs on the investor resources section of this site
Are you looking for hard money or to be financed with a regular loan? Where is the property located?