Looking for $75,000 2nd mortgages. Already have $375,000 first mortgage to purchase & renovate a property with PP of $315,000. Total LTV is $450.000, 78% of $599,000 expected renovated list price.
Why this deal is good for Investors ?
Investor will make 20% plus legal & fees, on money at the time of sale.
JV Details
Call for more details. 506 999 3514
Eventually looking to secure a consistent source of 2nd mortgages on similar deals in the future.