I am looking for financing for a property i have under contract

[Ann Mclean]

I have a property under contract in Houston, the purchase price is 275K, rehab 45, the ARV is 400K. I am looking for hard money to do the deal, please share if you know anyone with a reasonable interest rate and discount point. Thanks

[Mark Munson]

This seems to be a fairly standard HML scenario, assuming the asset is residential. Without know your experience and credit score, you can qualify up to 90% of the purchase price + 100% of the rehab, as that figure doesn't exceed 75% of the ARV (the max LTV). I'd expect points between 1-2.5% and a rate between 8-11%. If you go true private money and not HM, those rates and points will be much higher, and likely less leverage. Happy to connect and help further if needed.