About hard money lending

[Neetu Patil]

I'm new to real estate investment and am considering hard money lending for quick and flexible financing. I'd appreciate recommendations on reputable hard money lenders, especially those familiar with assisting newcomers. Your insights would be invaluable as I navigate this new terrain.

Thanks in advance

[Ryan Davies]

Here's how most work. Let me know if you have questions.

• Rates: 10% to 14% (Most Deals are 12%)
• Terms: 1 Day - 24 Months (Most Deals are 6 months)
• Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee
• Minimum Loan Amount: $75,000
• Max Loan: 65-70% of After Repair Value(ARV)
• 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)
• Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)
• NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.