Can anyone recommend some hard money lenders in the Cincinnati, OH area
Hey everyone,
Looking to purchase my first fix and flip and wanted to get some recommendations on some hard money lenders in the Cincinnati, OH area that I may be able to use. Preferably that will do 85-90% LTV and if you have used them before I would appreciate your feedback. All feedback and help is welcome. Thank you
Gabriel, I might be able to assist. It is not what I would call hard money, but here is the summary of what can be supplied:
100% financing of the purchase & rehab amounts OR 65% of the ARV (after repaired value), whichever is less on 1-4 unit properties, for borrowers that have done 3 or less transactions in the last 3 years (it sounds like this is you).
Minimum loan is $75K, and that would make the minimum ARV $115.5K.
Do not loan in "rural" areas. The loan is supplied to your LLC and the additional guarantor(s) must have a Min. mid-FICO of 660+.
Feel free to message me if I can help, Rob