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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceNonrecourse on Hard Money Loan?
Asim Alam's profile image
Asim Alam's profile image
Asim Alam
  • Professional
  • from Tucker, Georgia
  • Member since Jan 19, 2017
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Asim Alam's profile image
Asim Alam's profile image
Asim Alam
  • Professional
  • from Tucker, Georgia
  • Member since Jan 19, 2017
Connect
Asim Alam
  • Professional
  • Tucker, GA
29
Votes |
138
Posts
Private Lending & Conventional Mortgage Advice

Nonrecourse on Hard Money Loan?

Asim Alam
  • Professional
  • Tucker, GA
Posted Feb 8 2017, 07:13

So I’m shopping around for hard money lenders, and notice that most are recourse loans. I’m hoping to find financing with these terms:

▪ 90% of purchase price
▪ 100% of rehab budget
▪ Interest only payments
▪ Points rolled into principal?

Am I searching for a mythical unicorn? Or is it possible to get a non-recourse loan with these terms?

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