Updated over 2 years ago on . Most recent reply
How many active loans raises an eyebrow with hard money lenders?
One local HML allows up to 3 loans on his own. So that's a useful floor.
If you have 10 hard money loans would that draw concern from most lenders? Trying to find out how they think about short term borrowing capacity for fix and flips.
If you have 10 hard money loans would that draw concern from most lenders? Trying to find out how they think about short term borrowing capacity for fix and flips.
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We work with a lot of different hard money lenders, and typically they analyze everything on a deal by deal basis. As far as I understand as long as your credit score is sufficient for their liking, they (hard money lenders in our network at least) do not care how many you have. We also have some pretty cool bridge products for flippers right now too!