Hard Money Recommedations

[Elliot Mitchell]

Hey Everyone!

Looking for good hard money lender recommendations in the Maryland area.

Thanks!

[Jason Taken]

Quote from @Elliot Mitchell:

Hey Everyone!

Looking for good hard money lender recommendations in the Maryland area.

Thanks!

youre going to get 1000 responses here. Can you share a little about the project and what you’re looking for in a capital partner?

[Elliot Mitchell]

Quote from @Jason Taken:

Quote from @Elliot Mitchell:

Hey Everyone!

Looking for good hard money lender recommendations in the Maryland area.

Thanks!

youre going to get 1000 responses here. Can you share a little about the project and what you’re looking for in a capital partner?

 Jason,

Projects will be buy and hold BRRRs. Light to moderate rehab. Maybe up to 50K in rehab cost. I have some quotes from lenders for 12% interest and 2 points at closing for a loan up to 70% of ARV. Looking for anything/anyone else that might be able to match or beat these terms.

Thanks!

[Jason Taken]

Quote from @Elliot Mitchell:

Quote from @Jason Taken:

Quote from @Elliot Mitchell:

Hey Everyone!

Looking for good hard money lender recommendations in the Maryland area.

Thanks!

youre going to get 1000 responses here. Can you share a little about the project and what you’re looking for in a capital partner?

 Jason,

Projects will be buy and hold BRRRs. Light to moderate rehab. Maybe up to 50K in rehab cost. I have some quotes from lenders for 12% interest and 2 points at closing for a loan up to 70% of ARV. Looking for anything/anyone else that might be able to match or beat these terms.

Thanks!

 That’s pretty typical. How about the closing process? That’s really where you’re going to make your money. There’s something to be said for protecting a lenders capital —- there’s another thing for taking 30 days to close and dragging the borrower through the mud with endless paperwork and underwriting. 

Definitely make sure you’re vetting the processes while also being conscious of pricing. 

[Account Closed]

Hey Elliot,

Where about in Maryland are you looking to purchase?  I have a couple of local lenders with great reputations I could refer you too.  They focus in Baltimore metro area and a few other specific areas throughout the state.

[Elliot Mitchell]

Quote from @Account Closed:

Hey Elliot,

Where about in Maryland are you looking to purchase?  I have a couple of local lenders with great reputations I could refer you too.  They focus in Baltimore metro area and a few other specific areas throughout the state.

Hey Kevin!

I'm primarily looking in the Baltimore County area but am constantly looking in any area. I appreciate any information you may have!

[Joe Norman]

I love working with Shaun at Monument City Capital. Shoot me a PM and I can share contact info!

[Ben Guttman]

Look at RPIP, Pimlico Capital, JBA Lending, and Block M Investments. I've had clients with all of them.