Updated about 2 years ago on . Most recent reply
Hard Money lenders.
Hello BiggerPockerts family.
I'm new to the BRRRR method, what are the requirements needed by a hard money lenders to fund a project. I'm looking to invest in Ohio state.
Most Popular Reply
Mike, each lender has their different overlays, but if you're looking to get a hard money and or Bridge loan to begin the BRRRR strategy, here's a list of the most common documents lenders may ask for:
- experience / track record
- personal financial statement
- scope of work / budget
- LLC entity docs
- maybe bank statements (lender dependent)
everyone is different and each loan is a snowflake. If you want more specific answers I recommend talking to a commercial / investor focused broker.
- Devin Peterson
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- 860-538-3672
ProAlpha Capital
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