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Does anyone know a private investor or hard money lender in SC for 325,000 on a home worth 1M+?

We recently built a beautiful mediterranean style home in Myrtle Beach SC for which we have 900,000 in cash invested.  We borrowed 325,000 from a private investor one year ago and the balloon payment has come due and this lender in unable to continue or extend the note with us since he needs his capital back for other needs.  We both just went through very long drawn out divorces and has had a substantial impact on our credit scores, prior to that our credit was perfect and although we are trying to rectify the situation, time is not on our side.  our income is 180,000+ a year; verifiable and stable since the majority is dividend income from a solid long term investment.  Our equity is great even in todays market.  We are looking for a serious, dependable private investor that would be willing to hold the 1st and only lien on this property.   Can anyone point us in the right direction?
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July 19 2009 - Myrtle Beach
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I would highly recommend you consult a financial advisor and an attorney before signin g any loan documents.
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September 10 2013
Profile picture for shapiroamg
the issue user is that any hard money loan will be a term of6-12 months.

You need an exit strategy for a hard money loan. While easy to get with enough equity, they don't expect to be lending money out long term.
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September 02 2013
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Hello ~ I know it's been a while but am finding myself in a very similar situation, may I ask if you were able to find a solution?
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September 02 2013


Inless you have major public derogs(bankruptcy, foreclosure, judgements) and sub 500 scores you may not need a hard money loan. Sounds like you have enough positives to try for a conventional mortgage. I could be missing something though....
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July 19 2009
Here's a Google link for you. LINK .... Happy funding, Rudi Hofmann
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July 19 2009
 
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