Updated about 4 years ago on . Most recent reply
Questions to ask a hard money lender?
What questions should we ask a hard money lender?
Most Popular Reply
@Eduardo Reyes
In addition to the other comments you need to know the lender’s loan to acquisition cost; loan to after repair value requirements for the product type you are considering acquiring. You also need to know if the lender requires appraisals or do they perform their own property assessments/valuations. Appraisals take time and can extend the time to close which could hurt you in a highly competitive market.
Good luck!!
- Steve Kuptz