Hello,
I have a property that is in NE Ohio that is a flagged motel … selling at less than 2 times gross income and owner is willing to sell at 50% LTV … it is a pocket listing from a broker I know and i need a bridge lender to fund it … my FICO is 450, I do not have the down payment but can hire a dpa funder to inject it last minute if need be … I already have two interested end buyers so I do not mind paying hi interest rates … what i am looking for is a bridge lender who will fund 75 LTV and close fast and take their points out the back side and will use a BPO as value gauge in leui of a MAI Appraisal … any tips or referrals would be appreciated! thanks.