Updated over 9 years ago on . Most recent reply
Hard Money Lender in Rhode Island
Hello BP,
I'm a long time user but first time posting. I'm looking for referrals for hard money lenders in RI. This is my first time in working with hard money since i usually finance using conventional loans. Lately i been losing deals because i didn't the speed of closing quickly. from what i understand that the advantage of using hard money.
I did reach out to one hard money lender but he wouldn't talk terms until i had a deal. Problem is i can't get the deal until i have a proof of funds letter. So it's a case of the chicken or the egg. Any help in shining a light on this process would be greatly appreciated, any other advice would also be welcomed.
Cheers,
Alex
Most Popular Reply
I am realtor so I send comps from MLS, I do get a rough estimate from a contractor if possible or price it out myself and add a contingency. I'm getting licensed in RI now, and I'm an investor friendly agent--that's our company's niche :) Message me if you want to connect. I'm happy to help.