A potential borrower has posted and is looking for a loan on the Mortgage Grapevine for a non-owner-occupied residential property. Currently, the property is unoccupied and is for sale; the borrower will repay the loan upon sale; he or she is willing to take the property off the market and keep it as a second home. The borrower lives in another state.
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The borrower has no current debt. The post states, “Looking for 60% value on home, or $750,000 for short-term investment (time sensitive or I'd not need the loan) plus a little construction on new home (completion and repayment in 10 years or less). Looking for no penalties of any kind for early repayment.”
To learn more about the borrower and property, go to
