Updated about 9 years ago on . Most recent reply
Hard Money Lenders for Acquisition
We are looking for financing acquisitions with hard money lenders or portfolio lenders. 65-70% LTV, 8.5% interest rate, 2 points up front. Prepayment penalty 1st year 3%, 2nd year at 2% and third year at 3%. We have financed and refinanced through Lending Home, B2R, Colony. Looking for nationwide lenders for single family homes. Does anyone have any experience with AMP or Longhorn? Any recommendations for HMLS's and what they offer?