Need to finance manufactured house rental. Looking for $50,000 to refinance out of hard money loan to put into long term loan. I found a couple lenders but I need $50k to close the loan. I am open to a lender who will “be the bank” and take on the mortgage of $269,500, payoff of $276,000. I have $20,000 to put down and land in a subdivision for collateral. Currently a year long lease is in place for $2000 ($2100 is market rent, additional $100 of rent goes directly to HOA) and is run by a property management company. Roughly $20,000 worth of renovations was completed with ARV of $402,000. Strong rental market with active military base. Loan maturing in June 2023. Looking forward to my next rental project!
Ready to Ask For Funding for your company?
Post a Funding Request