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Updated over 6 years ago on . Most recent reply

User Stats

465
Posts
184
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Caleb Jordan
  • Lender
  • Arlington, TX
184
Votes |
465
Posts

Lowest you've seen lender finance

Caleb Jordan
  • Lender
  • Arlington, TX
Posted

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

User Stats

432
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147
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Saravanan Saravanan
  • Lender
  • Troy, MI
147
Votes |
432
Posts
Saravanan Saravanan
  • Lender
  • Troy, MI
Replied

@Caleb Jordan

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.

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