Can a hard money lender loan in another state?

Question

This might be a silly question but I am not really finding a clear answer anywhere. Can a hard money lender loan in another state? For example, can I be in Salt Lake City and get funding for a Montana deal?

thanks

Danielle Jackson · Answer

You can usually see which state they are registered/licensed in on their website. Here is a site that can be helpful - not a complete list but a good start and you can search by state: Private Loans - By State | PrivateLenders.com

Marisa JManker · Answer

Lol! & p.s there’s no such thing as a silly question If you don’t know something! You should ask that’s the only way to gain knowledge Lol! Close Mouths Don’t get Fed !!! :)

Keith Miller · Answer

Not a silly question at all, it's far sillier to not ask the question in the first place.

To try and be helpful, these are the hard money lenders I know personally in Montana, feel free to use my name as a reference.Juniper Capital- Leslie Laird is my contact therePacific Mortgage Center- Becky is my contact therePat McGowen- Runs the Bozeman Investor Club

Good luck, let me know if there's anything else I can do to help!

Tyler Burks · Answer

Absolutely you can!

Matthew Crivelli · Answer

Lots of nation wide hard money lenders!

Katherine Blazer · Answer

Yes, if they work in that state. Some lenders only work in the states they know the market in, but most will allow you to work in other states with an appraisal to confirm values.

Marisa JManker · Answer

Hi There to answer your question yes you can There are plenty of Hard Money Lenders That loans money to out of State Investors. For example I live In Chicago and I’m working with a Hard Money Lender now and there located In Baltimore! Domnion Financial! Just make sure you ask that question when you’re acquiring for the loan . I hope this Helps you out & Good Luck !

Can a hard money lender loan in another state?

Most Popular Reply