Any hard money lenders in Nj?

Any hard money lenders in Nj?

Flipper · North Bergen, NJ · Member since 2015 · 8 posts · 3 votes
I want to make an offer on a property that’s on the MLS, the seller is selling the property “As is”. He called me asking if I buy properties and I said yes. A couple of questions later I asked him if the property is on the MLS which he responded yes. I went onlIne and saw that the priced has been dropped by 20k in less than a month which tells me he’s motivated to sell. 👍 NOW, I NEED PROOF oF Funds. Are THERE ANY HARD MONEY LENDERS THAT WOULD Provide me with a proof of funds letter?????
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Flipper/Rehabber · North Brunswick, NJ · Member since 2017 · 141 posts · 104 votes
7y

Check out Asset Based Lending Or Alpha Funding Solutions. I've used Asset based and those guys are def number one in Jersey. Also, First equity  is in Jersey. But those three I know of in Jersey.

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  • Flipper/Rehabber · North Brunswick, NJ · Member since 2017 · 141 posts · 104 votes
    7y

    Check out Asset Based Lending Or Alpha Funding Solutions. I've used Asset based and those guys are def number one in Jersey. Also, First equity  is in Jersey. But those three I know of in Jersey.

  • Hillsborough, NJ · Member since 2018 · 35 posts · 17 votes
    7y

    If you are looking for a smaller company that can help you through the process Ashmore Partners is the way to go!

  • Lender · Arlington, TX · Member since 2018 · 465 posts · 184 votes
    7y
    Originally posted by @Joel Melgar:
    I want to make an offer on a property that’s on the MLS, the seller is selling the property “As is”. He called me asking if I buy properties and I said yes. A couple of questions later I asked him if the property is on the MLS which he responded yes. I went onlIne and saw that the priced has been dropped by 20k in less than a month which tells me he’s motivated to sell. 👍

    NOW, I NEED PROOF oF Funds. Are THERE ANY HARD MONEY LENDERS THAT WOULD Provide me with a proof of funds letter?????

    Yes a HML lender can give you proof of funds letter. They will need a few things from you, credit pull, proof of funds for closing and any reserve requirements, probably LLC documentation They might ask about previous real estate experience and may require proof.

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