CT Hard Money Lender
Hi, we were banking on using our home equity line to purchase and rehab a REO, until we just found out today that Chase has frozen the line without letting us know about it. I am thinking our next best option is to use HML...but since I am a complete newbie on this, wondering if you guys can recommend a few HML with reasonable rates in this area?
Also, for all your investors out there, what % of your financing is done through HML vs. banks etc.? I have been looking at banks only, as they typically give you great rates...but having read the posts on here...it seems like I am completely missing the boat here.
Many, many thanks!