This borrower used his existing ‘free and clear’ property in order to get some cash from Mr. Hard Money (aka Gene). The Florida borrower has a couple of other properties that are being rehabbed. They ran out of money so they ran to Gene for an $80k loan. Mr. hard Money was able to set them up with a 1 year loan at 11%. There are so many situations when it comes to loans. Call Gene and tell him your situation. There is a very good chance Gene will be able to make something happen for you!
free and clear
Real Estate