BiggerPockets

Many times I have heard and read about hard money lenders that will lend 60-65% of the ARV. I have called many of these lenders only to find out that they require a minimum down payment regardless of the "verified" equity in a property. I have made it my mission to find a true hard money/rehab lender that will lend with no minimum required "skin in the game" and to my shock and dismay I actually found such a lender in the Southern California area. They have been in business since 1985 and business is good. They will lend 65% of the ARV, the ARV is determined by a licensed appraiser and if the value is there than they will finance the whole project. i.e. SFR selling for $175,000, property needs $20,000 in work and loan costs are $10,000 and the ARV is $330,000. This lender will lend $214,500 on this property and subtract out all of the expenses such as sales price, loan fees and rehab fees. Very simple. I am a real estate broker and I would like to represent any and all investors in their real estate transactions here in California. You can email me at [EMAIL REMOVED]