40%-60% down are you serious??
I was talking to this mortgage brokering institution today and i was asking about a Hard money loan for some properties i was trying to acquire. The guy told me that its hard finding any HML these days and told me that they would require about 40% to 60% down. Now that doesn't sound right because if that was the truth i would rather take that 40-60% and go to the conventional bank! Does this sound right to any of you? If not does anyone know any good HML?