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Updated almost 9 years ago on . Most recent reply

User Stats

28
Posts
12
Votes
Adam A.
  • Real Estate Broker
  • Marietta, GA
12
Votes |
28
Posts

Soft Money or Full Doc Private Lending

Adam A.
  • Real Estate Broker
  • Marietta, GA
Posted

Hi,

Does anyone have suggestions for a company or individual that does soft money lending or full doc non-conforming renovation loans at reasonable rates at 6-8%? I'm a borrower with an excellent credit profile above 810, sufficient assets, documentable income, and experience and I don't feel the need to pay crazy hard money rates of 10-12% + 2-4pts. I'm typically obtaining 5% 0 points on conventional renovation financing, only now I need to close in two weeks. 

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