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Michael Ratzken
  • Real Estate Broker
  • Scottsdale, AZ
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Hard money for Mccormick Ranch property

Michael Ratzken
  • Real Estate Broker
  • Scottsdale, AZ
Posted

I have a client that's looking to get a hard money loan for a property in Scottsdale Az, approx 837k is the loan amount, ARV is 1.25m. The Reno is already underway should be complete in 45 days

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Scott E.
  • Contractor
  • Scottsdale, AZ
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Scott E.
  • Contractor
  • Scottsdale, AZ
Replied

The fact that reno is already underway might pose some challenges. I'm pretty sure most hard money lenders want to get involved before you start construction. That being said, try Capital Fund 1. They've funded a few of my deals. I've had my challenges with them when it comes to draws but they're overall decent.

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