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Creative Real Estate Financing

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Robert A. Coloma
Pro Member
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Anyone dealt with a company LOANGUYS?

Robert A. Coloma
Pro Member
Posted Jul 16 2020, 19:27

For those experts, your input is highly appreciated . I'm a newbie here!

My offer just got accepted for an REO property and needs some rehab before we can close the loan and ready for rent.

I got call from a lender LOANGUYS to do a bridge loan. I was told that they can do it as low as 5.75% for 12 mos, no docs just purely asset base, no prepayment penalty.

I am new to this. Did anyone work with them or are they even legit?

What are things I need to know with this kind of loan?

Thank you

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