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Updated almost 12 years ago on . Most recent reply

User Stats

760
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345
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Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
345
Votes |
760
Posts

Hard money loan to value

Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
Posted

I have a hard money lender offering 70% of current value, not ARV. Is this similar to terms that others are hearing?

I'm hoping to use hard money for both the purchase and renovation. These terms don't seem to leave room for both.

Thoughts?

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