Hard money lenders for less than 50K

Hard money lenders for less than 50K

Princeton, NJ · Member since 2014 · 24 posts · 4 votes

Does anybody know of any hard money lenders who can provide short term financing for smaller loan (less than 50K)

I have one property in mind that will cost me around $30,000 to buy and $18,000 to rehab .

I have contacted few lenders for short term financing and every known hard money lenders can do finance for min. of 50K.

If you know any hard money lenders who can finance less than 50K, please let me know

Also, if you know of any other way to raise money, please share your thoughts. 

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  • Real Estate Agent · Southington, CT · Member since 2008 · 5k+ posts · 3k+ votes
    11y

    What lien position will this HML have?

    Will they be first?

  • Princeton, NJ · Member since 2014 · 24 posts · 4 votes
    11y

    @Michael Noto , Yes they will have first lien position.

  • Member since 2022 · 1 post · 0 votes
    3y
    Can you share the HML you used that only requires a $50k minimum? I am having trouble finding a lender who will finance a home that's less than $75k.
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