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Rehabbing & House Flipping

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Daniel O.
  • Riverside, CA
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Hard Money Lenders

Daniel O.
  • Riverside, CA
Posted Feb 21 2013, 16:33

How does a commitment letter written by a hard money lender work? if a hard money lender writes a commitment letter for $180,000 will this be the total amount loaned? will it be cash given to the buyer or directly handed to the seller?? Im new to this so any and all information will be a ton of help! thanks everybody!!!

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