Hard Money Lenders lending in RI?
3 Replies
Bria Johnson
Specialist
posted over 1 year ago
Hi All,
I am looking for hard money lenders (in local RI or National hard money lender that lends in RI) that fund 100% acquisition and 100% repairs.
Please share info here if you know of anyone. Thank you.
Brandon Ingegneri
Rental Property Investor from Providence, RI
replied over 1 year ago
100% of one aspect is rare. 100% of both I would find difficult to believe exists at all. If so, it would carry serious conditions or collateral. This is especially more difficult to find for a less experienced individual.
Bria Johnson
Specialist
replied over 1 year ago
@Brandon Ingegneri thanks, Brandon. Do you have any alternatives that can get my close to do no money lite rehabs so I can buy and hold?
Brandon Ingegneri
Rental Property Investor from Providence, RI
replied over 1 year ago
You would need a minimum of 10-15% down plus points to get anything reasonable. Also, interest rates are very dependent on experience.