Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
6y
Typically when people refer to HMLs they're talking about institutional hard money that specializes in short term loans. It sounds like you're talking more about finding private money lenders who are more like partners in your deal putting up the money and then earning with you long-term. In that case there's no "exact specs" it depends on the lender. Some may want to lend on a clinic while others may want to lends on a 20 unit apartment complex. It's more about building relationships and determining what the particular lender wants to invest in. Generally what they'll typically all share is that they have to believe in the sponsor/investor.