Hard money lending under 50k HELP HELP

[Keenon A Trevor]

I currently have multiple properties that I'm looking for hard money to rehab. My problem is both projects are under 50k each. I can't seem to find any lenders that lend under 50k in NY. Does anyone know of any lenders that will? 

[Priscilla Z.]

Most HML's won't lend under 50k because it's not worth their time and they won't make enough money on the points, so offer them something that will make it worth their time. Find out what their minimum is as far as lending, if it's 70K and they charge 3 points that means they want $2,100 in points...so offer them $2,100 in points for the $50K loan. They are making the same on less money and it's costing you a bit more but if you need the money to make more money then it's just a cost of doing business.

Hope that helps!