Hard money lenders

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  • Nicholas Covington
    Mortgage Broker · Dallas, TX · Member since 2017 · 657 posts · 275 votes
    2y

    Hey Miguel,

    Are you looking for short-term financing for fix and flip or you buying a turn-key property and looking for long-term?

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  • Kevin Romines
    Lender · Winlock, WA · Member since 2013 · 1k+ posts · 1k+ votes
    2y

    We have over 200 national institutional and private lenders that can lend hard money, fix n flip, and buy and hold lending options. Ask any questions, I'm happy to help. 

    0Reply
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 679 votes
    2y
    Quote from @Miguel Gamino:

    I’m looking for a hard money lender to acquire a rental property in Yuma AZ. Any suggestions or referrals?

    What’s the nature of your inquiry? Do you have any history with hard money loans? 
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  • Jesse Holsapple
    Lender · Fountain, CO · Member since 2022 · 124 posts · 32 votes
    2y

    Sent you a DM

    We're a nationwide True Direct private money lender for investment properties. 

    0Reply
  • David Armenta
    Waipahu, HI · Member since 2013 · 3 posts · 0 votes
    2y
    Quote from @Miguel Gamino:

    I’m looking for a hard money lender to acquire a rental property in Yuma AZ. Any suggestions or referrals?


     Miguel, Call me. I have a few hardmoney lenders I currently work with low fees which is the key. After several flips I found the right money lender to do business with in AZ and CA. ArmentaRealty.com

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  • Axel MeierhoeferPro Member
    Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
    2y
    Quote from @Kevin Romines:

    We have over 200 national institutional and private lenders that can lend hard money, fix n flip, and buy and hold lending options. Ask any questions, I'm happy to help. 


     Hi Kevin, do your lenders allow for 60 months or longer loans?

    I would be very interested if they did

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  • Axel MeierhoeferPro Member
    Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
    2y
    Quote from @David Armenta:
    Quote from @Miguel Gamino:

    I’m looking for a hard money lender to acquire a rental property in Yuma AZ. Any suggestions or referrals?


     Miguel, Call me. I have a few hardmoney lenders I currently work with low fees which is the key. After several flips I found the right money lender to do business with in AZ and CA. ArmentaRealty.com


     Are those only short loans or also something for longer terms, i.e. 5 years?

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    2y
    Quote from @Axel Meierhoefer:
    Quote from @David Armenta:
    Quote from @Miguel Gamino:

    I’m looking for a hard money lender to acquire a rental property in Yuma AZ. Any suggestions or referrals?


     Miguel, Call me. I have a few hardmoney lenders I currently work with low fees which is the key. After several flips I found the right money lender to do business with in AZ and CA. ArmentaRealty.com


     Are those only short loans or also something for longer terms, i.e. 5 years?


    axel try Kiavi.. most of these brokers will go to one of the big lenders like Kiavi or Lima one anyway you can go direct
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  • Axel MeierhoeferPro Member
    Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
    2y
    Quote from @Jay Hinrichs:
    Quote from @Axel Meierhoefer:
    Quote from @David Armenta:
    Quote from @Miguel Gamino:

    I’m looking for a hard money lender to acquire a rental property in Yuma AZ. Any suggestions or referrals?


     Miguel, Call me. I have a few hardmoney lenders I currently work with low fees which is the key. After several flips I found the right money lender to do business with in AZ and CA. ArmentaRealty.com


     Are those only short loans or also something for longer terms, i.e. 5 years?


    axel try Kiavi.. most of these brokers will go to one of the big lenders like Kiavi or Lima one anyway you can go direct

    Thanks Jay

    Will do

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Miguel Gamino:

    I’m looking for a hard money lender to acquire a rental property in Yuma AZ. Any suggestions or referrals?


     Hi Miguel, 

    What terms are you looking for?

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  • Kevin Romines
    Lender · Winlock, WA · Member since 2013 · 1k+ posts · 1k+ votes
    2y
    Quote from @Axel Meierhoefer:
    Quote from @Kevin Romines:

    We have over 200 national institutional and private lenders that can lend hard money, fix n flip, and buy and hold lending options. Ask any questions, I'm happy to help. 


     Hi Kevin, do your lenders allow for 60 months or longer loans?

    I would be very interested if they did


    For a fix n flip loan, most will go out to 2-3 years max. I would need to check with some of our lenders to see if they will go out to 5 years. Typically if you have a fix n flip loan on a property you are holding, you want to refinance for the hold into a 30 year mortgage. I'll send you a DM to discuss further. 

    0Reply
  • Ryan Davies
    Investor · Salt Lake City, UT · Member since 2019 · 339 posts · 126 votes
    2y
    • 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 $2,500 minimum)
    • Max Loan: 65% of After Repair Value(ARV)
    • 100% Rehab Financing Available (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.
    0Reply
  • Axel MeierhoeferPro Member
    Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
    2y
    Quote from @Ryan Davies:
    • 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 $2,500 minimum)
    • Max Loan: 65% of After Repair Value(ARV)
    • 100% Rehab Financing Available (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.
    Thank you Ryan
    That is very similar to what I have found so far. My deals are already renovated and I like to buy them. Min laon amount is often the issue and duration as well. I know I am looking for the unicorn that offer 5-7 years duration for loan amounts down to $50K or willingness to combine several properties in one loan.
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  • Susan ThelenBusiness Member
    Real Estate Agent · Mesa, AZ · Member since 2020 · 91 posts · 39 votes
    2y

    I used Capital Funds in AZ for a personal flip back in 2022.  They were very easy to work with. 480.889.6100

    -Susan

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  • Axel MeierhoeferPro Member
    Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
    2y
    Quote from @Susan Thelen:

    I used Capital Funds in AZ for a personal flip back in 2022.  They were very easy to work with. 480.889.6100

    -Susan


     How long did they max give you the money for?

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  • Susan ThelenBusiness Member
    Real Estate Agent · Mesa, AZ · Member since 2020 · 91 posts · 39 votes
    2y

    We only needed it for about 7 months. 

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  • Axel MeierhoeferPro Member
    Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
    2y
    Quote from @Susan Thelen:

    We only needed it for about 7 months. 


     Ahh, got it

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