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winge
20 Posts |
 Posted - 05/07/2008 : 11:31:53 AM
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| Have a friend of a client who has two houses in North Tulsa as investment/rentals, both free and clear each having approx 45k market value. Wants to secure hard money loan giving first lien position (both free and clear) for total of 20K (thats on both as total, not each), repayment term 24 months. One of the properties is currently rented and the other will have new renter sometime this month. Owner lives in Ca, titles of course held in Oklahoma. I am not involved in transaction other than reffering someone interested to him--Let me know if someone might be interested--Thank you |
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winge
20 Posts |
Posted - 05/09/2008 : 2:59:15 PM
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bump
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wolsen3129
64 Posts |
Posted - 05/10/2008 : 09:53:53 AM
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| I'll look at it. If the income is there, the appraisal comes back good, and the borrower can show they have the ability to make the loan payments should the property be vacant. Then it should be no problem. Email me the info of what they are looking to do. sunnymtg.willy@gmail.com |
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