I would appreciate anyone with some advise. Will split fee.

I have a client who needs approx. $95,000 to replace his current private loan which has a very high interest. The loans was for setting up his current holding of 2 lot land in Sussex County, NJ. They are adjacent to each other, one is for his future home site and the other was to be sold. Each lot is 2.25 acres.

History is that he got hurt at work (he has his own business) and couldn't work for 5 months. Therefore, he could not start the foundation work on his home site (he was planning to get a regular bank construction loan once the foundation was set). He spent the private loan fund to live on while home recuperating. He is back at work but needs to replace the loan with something more reasonable pretty quick. He has a decent credit, somewhere mid 700 FICO. He has a business with income to him.

After replacing the loan, he will use the new loan to get the foundation work done on his lot. Sell the other lot and get a construction loan to take out the new loan and build his own house (budgeted at around $300,000).

Any leads, advise or proposal would be appreciated.

Please PM me.

Andrew