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$1,400,000.00

First Lien Purchase

  • Interest Rate: 6
  • Term: 30
  • Amortization: I/O
  • Note Position: 1st
  • Senior Loan Balance (if any): 100000
  • Est. Property Value: 140000
  • Property Valuation Date: 05/13/18
  • Lot Sq. Ft.: 5175
  • Building Sq. Ft.: 1217
  • Property Type: Single Family
  • Owner Occupied Property: No
  • Address: Register Here
  • Property City: Richmond
  • State: Texas
  • Property Zip Code: 77407
  • Listed: May 16, 2018 9:32 am
  • Expires: 78 days, 17 hours

Description

Seeking private money lender to purchase a single family residential investment property. Borrower will be putting $40,000 as a down payment. Remaining $100,000 will be privately financed. Purchasing price of SVR is $140,000. Currently under contract, financier will have first money lien. Borrowers credit and income is in excellent status. Reason for private money required is because this is his 4th investment property in two years therefore bank will no longer finance because of debt to income ratio exceeds guidelines. Borrower is willing to pay 6% at a 1% origination fee.

Please call Frank Bazan- 210 884 2505.

Terms are negotiable as borrower will likely be paying principle and interest payments.

Ad Reference ID: 815af85591bd40e

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