Hard Money Loan

[Nikita Odnoralov]

Hey - I just got UC for a condo flip here in Denver. The purchase price is $176,000 and the ARV is $250,000 with several recent identical comps in the same complex. I need a hard money loan that will allow me to put less than 20% down. Closing is Feb. 27th.

I have a lender I work with often but they want 20% down and I'm trying to minimize cash out of pocket for this flip. Historically, I've done these for 3 weeks or less and plan to have it listed within a month. 

Any ideas? 

[Jonathan Taylor]

@Nikita Odnoralov F/F lenders may go as little at 15% down but there isn't enough info to say for sure. @Brett Deas is right. The lending market for F/F loans are not great at the moment so if it can work at 20% down and you will have it listed in a month, may be worth it.