Hello, I am looking for markets to invest in from out of state. I know some lenders can lend on ARV, but how common is it to have lenders who do that? Does anyone know of any lenders in good cash flow markets that do that?
Do we mean lending on projected appraised value, such that you'd go into the deal with no money upfront?
Does the property need work? If it needs work and we are talking about fix and flip or bridge loans. Most will want you to bring some money to the closing table for the purchase but will finance the rehab based on ARV. I am not sure what type of deal you are dealing with.