Okay, here is the deal, I have a Hurricane damaged property, that is a full gut. Let me state the facts:
Totally damaged
Current Value is modestly 40K
ARV 120K
Needs about 80-90K worth of repairs
I own the property FREE and CLEAR
Now for my loan needs:
Credit/Verifiable income not a determining factor
Quick turn around
Investor loan (NOT owner occupied)
Allows for some cash upfront (not a deal breaker), followed by draws in arrears
Now can anyone lead me into the direction of a lender, who can work with what I want and what I have?
TIA