Hi, my name is Nick Saltzman and I operate fix n flip business in the greater St Petersburg FL area. I am an experienced investor looking to raise capital for our newest project. Close date in April 27th 2023. Details below.
15% annualized return (monthly interest payments)
12 month term
Good afternoon, what is the lien position on this?
2nd lien position
I recently did a deal with a PMC member in 2nd position and went through the market correction. The project ended up being a net loss for us but PMC member was always paid on time and in full at sale.
What’s the amount for the first lien?
I’d be looking for 280K – 320k for 1st lien position.
Can you send me more information on this transaction?
If you are waiting on the sidelines to get into lending, this is the opportunity. Even if you don’t have the requested amount, reach out and I’ll see what I can do. I am an experienced rehabber and want to help others get into the game. This is a straight forward deal: rehab budget is verified, deal set to close, solid comp and a personal track record of 12 flips completed.