Hard money lenders where are you?

I am a wholesaler who works with a few conservative investors. They have access to a couple of hard money lenders that they have used in the past on large deals. They (we) decided to change our approach for awhile and start buying single family deals one at a time . Most properties will be under $100K and located mostly in the Midwest and Southern parts of the US. The area must makes since (distressed properties of 3/2 1200 to 2000 SQ. FT., located in areas where working families live, and be able to be bought at least $40% below FMV with recent comps to backup the FMV).
We plan on buying quick, repairing, flipping, and or holding for up to two years (depending on the market and numbers).
The challenge we have ran on to is most hard money lenders want fund properties under $100K.
We are asking for recommendations of HML who do national lending on single family houses under $100K! Thanks
JD

Edited: 06/26/2010 at 10:08AM by JD Hawkins

Rich Weese

Real Estate Investor · sioux falls, South Dakota

4295 posts
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Icon_minipost Oct 18 '09, 08:25 AM

JD- Most HML's aren't interested in 2 yr notes. I have a partner that can help ypu on QUICK flips(30 days). He is Will Barnard on here. PM him if interested. Rich

Edited: 06/26/2010 at 10:08AM

Joel Soforenko

Real Estate Lender · Springfield, Massachusetts

166 posts
694 Influence
4 Awards

Icon_minipost Oct 19 '09, 11:06 AM

JD, I am a hard money mortgage broker. I work with several lenders in the southeast and midwest regions who fund purchase/rehab projects. A small number will go out 24 months, but as Rich suggested, this is not the usual hard money loan program. I'd by happy to discuss the details of your projects and your financing needs.

Joel Soforenko
Continental Finance Service

Edited: 06/26/2010 at 10:08AM

JD Hawkins

Real Estate Consultant · Foley, Alabama

59 posts
179 Influence
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Icon_minipost Oct 19 '09, 11:40 AM

Joel,
I will give you a call or e-mail and explain what our needs are.
I miss quoted when I used the 2 years and relating it to needing hard money for that period of time. I should not have included it into this statement as that would be an exit strategy we would use if we do not find HML for repairs and quick flipping. Sorry Rich and Joel for that miss quote.
JD
Thanks JD

Edited: 06/26/2010 at 10:08AM

George Bloom

Hard Money Lender · West Palm Beach, Florida

181 posts
170 Influence

Icon_minipost Nov 05 '09, 05:37 AM

We can offer instant introduction to the perfect hard money lender that meets your specifications. Our hard money lender referral program can provide the highest results. Please email your contact information and I will send you the details.

Edited: 06/26/2010 at 10:24AM

JD Hawkins

Real Estate Consultant · Foley, Alabama

59 posts
179 Influence
4 Awards

Icon_minipost Nov 05 '09, 09:03 AM

George thanks for contacting me. I already have what I need. I appreciate you getting back to me. JD

Edited: 06/26/2010 at 10:24AM

Art Jackson

Real Estate Investor · Johnstown, Pennsylvania

33 posts
128 Influence
1 Award

Icon_minipost Dec 08 '09, 02:47 AM

JD Hawkins, Were you able to locate a hard money lender who will do under 100k? If so, can you share that info with me. I have been having the same problem locating HML's that will do the small deals. Art

Edited: 06/26/2010 at 10:46AM

JD Hawkins

Real Estate Consultant · Foley, Alabama

59 posts
179 Influence
4 Awards

Icon_minipost Dec 08 '09, 05:26 AM

Art I will e-mail you my response to your question.

Edited: 06/26/2010 at 10:46AM

Stacy Dieckman

Real Estate Broker · Indianapolis, Indiana

455 posts
1624 Influence
3 Awards

Icon_minipost Dec 09 '09, 02:46 AM

JD,

Can I get the HML info as well?

Thanks,

Stacy

Edited: 06/26/2010 at 10:47AM

Craig De Borba

· California

16 posts
63 Influence

Icon_minipost Dec 10 '09, 07:09 AM

Hi JD,

We do HML if you are still looking PM me.

We also have other programs as well depending on your scenario.

Edited: 06/26/2010 at 10:48AM

Edwin De leon

Hard Money Lender · bronx, New York

111 posts
103 Influence
1 Award

Icon_minipost Dec 13 '09, 06:00 AM

Visit [URL REMOVED] for hard money lenders who will look at your specific situation, and in addition will run it by other money sources.
:D

Edited: 06/26/2010 at 10:50AM by Administrator : WEBSITE Must be in FORUM SIGNATURE

Will Bruner

1 post
4 Influence

Icon_minipost Jan 13 '10, 11:59 PM

I know that I may be late to the game, but if someone could message me HML that does deals below $100k, it would be greatly appreciated. I too have been having some problems filling that void.

Edited: 06/26/2010 at 11:13AM

Jon Holdman

Real Estate Investor · Denver, Colorado

11859 posts
75547 Influence
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Icon_minipost Jan 14 '10, 12:52 AM

Where are your properties located, Will?

Edited: 06/26/2010 at 11:13AM

Jon Holdman, Flying Phoenix LLC