Best place to get a hard money loan if you’re young?

4 Replies

@Kameron Grover

HMLs large or small want to see a track record of success, You would put down generally 20-25% with a HML and then they will finance the purchase and take a 1st position, they really want someone with experience, documentation of the previous projects. On this project they want to make sure the deal will work, you have the team in place, and they will get their money back at the end of the project and their monthly interest payments.

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They might want a track record, but if they like the LTV, they would do it. The down payment might differ based on experience and complexity of reno.