Updated about 4 years ago on . Most recent reply
Hard Money Lender Saint Louis
Hello guys hope you're all doing well this Wednesday morning. I am in need of a referral. I was given a recommendation for a HML from a fellow investor and that guy doesn't appear to be panning out. I submitted all of my info and he said we would be good within 24 hours. That was back on Friday and he never ran credit or anything. A few Vm's and no response so here we are. Does anyone have any recommendations for a HML that they HAVE USED in the St. Louis? My partners and I have several properties lined up that we are waiting to move on. If you're more comfortable sending me a private message that is fine as well. I look forward to hearing about your experiences and preferences.
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I just did a Cash Out DSCR refi loan on my duplex. 75% ltv. I got 4.25% 30 fixed rate in my LLC, not on my credit report.
Do you have a renter in place? If not, usually they would use market rent -10%. There are options.