hard money lenders with 0 down payment in nyc

Brooklyn · Member since 2018 · 25 posts · 2 votes

any hard money lenders with low down payments in nyc?

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Stephanie MedellinBusiness Member
Mortgage Broker · CA · Member since 2014 · 1k+ posts · 642 votes
7y
@Westlake John You'll get some better feedback if you provide more information. There's a very helpful template that's on the top of this thread: https://www.biggerpockets.com/forums/49/topics/644034-financing-scenario-question-template
Loan purpose, occupancy, credit, etc., are all factors in qualifying for a loan, even a hard money loan.
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Tom S.
Real Estate Investor · Burlington, VT · Member since 2010 · 2k+ posts · 1k+ votes
7y
@Westlake John For my first loan, even with good credit, it was 25% down. I also had to have additional reserves to "front" the start of the rehab (later reimbursed), and money set aside to finish the project in case it went over budget.
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