Thursday, April 23, 2009

Investor Needed

I have a great loan scenario for someone who wants to "get their feet wet" in the world of private lending, with out using too much money. I have a borrower in Madison, WI, willing to put up a nice income-producing property (duplex, upper & lower) worth about $163K, for a 70K loan. The property is free and clear. That loan amount is 47% of the value of the property. You would have first lien position, just like a bank. You would earn 16% on your money in the first year. Try making that on the stock market right now! Borrower will pay all closing costs. We do all the paperwork. You just cut a check and sit back and earn that nice interest. Please call me if your would like to have more information!