Updated over 6 years ago on . Most recent reply

Lowest you've seen lender finance
In the last 5 years what is the lowest amount you've seen a bank, portfolio lender, or Hard money lender finance on a single family. I'm not asking about actual companies or institutions, not just an individual. This more a curiosity question for me, but I am sure others will find the thread helpful.
There are a fair amount of injuries on BP about sub 50k financing. I am curious as to how many lenders out there are actually in that market.
Most Popular Reply

Usually loans under $50,000 property has higher risk. However, if the LTV ratio is reasonable say 50%; then short term loan for 1 to 3 years would be reasonable for risk vs. reward
Sometimes, the property has higher value like $75,000 but investors ran out of their person funds and need funds like $20,000 to complete the renovation.