Updated almost 8 years ago on . Most recent reply
Help with hard money loan!
So I have been an investor for years now, one thing I have very little experience in is financing. We have invested with mainly all cash whether doing flips or buying rentals. My problem is I have a 15 unit apartment deal I need to close on by the end of this month. We had a flip we had completed under contract but the buyer was unable to obtain financing. So we were looking to pull money out to use as a down payment on the apartments fast! Would a hard money lender give a loan at say 65% of ltv on a completed flip needed no work and simply being for sale? Thanks for any help, advice or references!