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Forums » Seeking Financing, Money, or Loans » I have 3 SFR free and Clear.....Looking for HardMoney to purchase more properites

I have 3 SFR free and Clear.....Looking for HardMoney to purchase more properites Subscribe to I have 3 SFR free and Clear.....Looking for HardMoney to purchase more properites

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Tag Tags: bridge-loans free-and-clear hard-money


Kevin Priester

Rehabber · Lake Mary, Florida


Forum_avatar_avatar-kevsgotthecash

Jul 24 '11, 02:17 AM

I have 3 single family residences that I own free and clear. I thought it would be pretty easy to get hard money using them to cross collateralize....Can anyone point me in the right direction?


Chris Martin

Real Estate Investor · Holly Springs, North Carolina


Forum_avatar_avatar-wakeproperties

Pro Basic

Jul 24 '11, 03:40 AM

I assume these are rentals? If so, another option is to talk to a local bank about a low (50%) LTV loan against the properties. Rates and terms are much better and you may (depending on your circumstances) be surprised that they would be willing to lend.... Are all these properties in your area?


Jeff Sielicky

Real Estate Investor · Portland, Oregon


Forum_avatar_avatar-jeff1

Jul 24 '11, 03:43 AM

Just googled hard noney Florida and got lots of hits.

If you put the stats online here you might get some interest.

If you are willing to pay hard money rates then you must be talking short-term for a flip. Is that right?


Ann Bellamy

Hard Money Lender · Tyngsborough, Massachusetts


Forum_avatar_avatar-annbellamy

Pro Basic

Jul 24 '11, 06:22 AM

The best hard money lenders are almost always local. Find your local REIA, and ask around. Google hard money florida, and then look for lenders who lend in a limited geographic area.

Also, there are several directories of hard money lenders including one on this site.


John Broussard

Real Estate Broker · houston, Texas


Forum_avatar_avatar-jb

Jul 25 '11, 08:25 PM

We have investors in FL who are aggressive on free and clear properties. If you hav not located a lender for your properties give me a call to discuss.




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