Any recommendations on hard money lenders in the Clt, Nc area?
Hey Earl. I'd be happy to connect with you. I have a partner who has been in Hard/Private Money Lending for nearly 15 years with an office in NC, GA, and now IL as I help him expand his reach to the Chicago market. Shoot me a DM so we can connect and talk about your lending needs.
Typically our lending partners programs are as follows:
Rates: 10% to 14% (Most Deals are 12%)
Terms: 1 Day - 24 Months (Most Deals are 6 months)
Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,000 up front before working the file)
Max Loan: 65-70% of After Repair Value(ARV)
100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
@Earl White, Our shop is in 40 states and does quite a bit of work in Charlotte and NC in general. Happy to chat if you need some help. Feel free to reach out!
Longhorn Investments is very active in NC. Available 100% financing on purchase price and rehab (up to 75% ARV) with quick closings. Experienced and highly regarded - over 15 years and 7000 closed loans.