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Updated almost 7 years ago on . Most recent reply

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Ozie Jackson
  • Rockville, MD
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Hard Money/PML Minimum requirements

Ozie Jackson
  • Rockville, MD
Posted

I am having difficulty finding any PML or hard money lenders that will work with deals under 100K. I have a cash flowing property under contract with an EMD. If anyone has a list of lenders who are willing to look at deals under 100K please let me know.

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Tom S.
  • Real Estate Investor
  • Burlington, VT
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Tom S.
  • Real Estate Investor
  • Burlington, VT
Replied

@Ozie Jackson  Have you tried any local banks / credit unions in your area?

I've received a few loans in the $35k - $75k range, purchase + rehab financing, through the commercial departments of local banks in my area.  These properties needed a good amount of work and would not qualify for conventional financing.  

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