Does anyone have details on hard money lenders that will take a 2nd lien position on sub 2 deals.
Standard hard money qualifications will be met, 65% ltv for arv.
Example:
Mortgage balance: 120k
Repair work: 60k
After repaired value: 280k
65% ltv of arv.
As far as rates go I really don’t care 2 much!! The maximum I will need is @ 60k and I’ll only
need it for a couple months, how much can 60k @ 20% cost me over 2 months??
Can you put me in touch w/ HML in the Chicago market? E-mail…