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Forums » Seeking Financing, Money, or Loans » Best hard money lender

Best hard money lender Subscribe to Best hard money lender

10 posts by 8 users

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Steve Schmidt


Forum_avatar_avatar-steves

Jan 11 '09, 11:38 PM

Looking for the most reliable hard money lenders in the philadelphia area

Edited: 06/26/2010 at 06:55AM


Kim Campbell


No_avatar_forum_avatar

Jan 12 '09, 04:42 AM

Commercial or residential? see my profile for email. Kim

Edited: 06/26/2010 at 06:55AM


Steve Schmidt


Forum_avatar_avatar-steves

Jan 12 '09, 06:27 PM

Residential, I have good credit, I would just like to know if there are any in the philadelphia area that people have dealt with before.
Thanks
Steve

Edited: 06/26/2010 at 06:55AM by Administrator


Leroy Williams


Forum_avatar_avatar-chief

Jan 19 '09, 11:16 AM

I am also researching a reputable HML. Some lenders I have come across are (Paramount Funding, Rehab Funding, SDI Funding LLC, Brookview Financial, 1st Quick Funding, Financial Resources National Inc., and First Mount Vernon ILA). Has anyone dealt with any of theses companies? If so, who would you recommend?

Edited: 06/26/2010 at 06:59AM


Laurence Hicks

Developer · Los Angles, California


Forum_avatar_avatar-dlinv

Jan 22 '09, 02:56 AM

Originally posted by Steve Schmidt
Residential, I have good credit, I would just like to know if there are any in the philadelphia area that people have dealt with before.
Thanks
Steve

We do some hard money loans. But if i was you i would do and off self corp line of credit something we could help you with also.


Edited: 06/26/2010 at 07:01AM


Larry Seith

Real Estate Investor · Dallas, Oregon


Forum_avatar_avatar-redwoodcreek

Jan 22 '09, 03:09 AM

Leroy,
In June of 2008 I contacted SDI Funding to do a deal and I was not happy with the results. They promote themselves as a hard money lender but ended up asking me for more documentation and paperwork than a bank would. They also strung out the application process for so long that I had to just cancel with them and go with a private lender.

Edited: 06/26/2010 at 07:01AM


Ben Carmona

· Wentzville/St. Louis, Missouri


Forum_avatar_avatar-investment_loan

Jan 25 '09, 07:12 AM

Most of the hmls mentioned are legit. What needs to be realized is that almost all of these lender types have credit, income, and asset requirements. That's just part of the current market we're in. If you want the laon to be based in the deal you need to find private lenders. Possibly even hedge funds.

Steve, how's your search coming along. I think some of the lenders mentioned are good. Were you looking for local to PA or are you opened to outside of PA?

Edited: 06/26/2010 at 07:02AM


Adam Black

· Ridgeland, Mississippi


Forum_avatar_avatar-adamblack

Jan 25 '09, 07:24 AM

Guys keep in mind our company started out as a HML. However now we only lend in very select areas now, so this is not an advertisement. If any of you need questions answered about HML, comparing terms between companies, requirements, etc let me know. Will be glad to help you if I can.

Edited: 06/26/2010 at 07:02AM


Steve Schmidt


Forum_avatar_avatar-steves

Jan 26 '09, 04:36 PM

Ben, I'm open to anything I am looking at a couple properties today hopefully the number work for one of them. Then I will need a hml.

Thanks Steve

Edited: 06/26/2010 at 07:04AM


Brandon E

Real Estate Investor · Philadelphia, Pennsylvania


Forum_avatar_avatar-blockhead

Feb 09 '09, 09:03 PM

Rehab Funding is very legit; The approval process is quick and painless & they are active members at the local RE investment club;however recently their website indicates they have suspended any further lending. I intended on going through them but did not anticipate their services being on hold, so in essence I'm also in need of a HML.... I'll let you know if I have any success, - Brandon

Edited: 06/26/2010 at 07:13AM




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