Looking for Hard Money Lenders

[Junior Francica]

Hello all, I am looking for a hard money lender to fund our current deal. The current HML we use cannot do in a city under 10k population and we are looking to do a flip in Trenton, GA. We have the home under contract.
purchase price: 86k

rehab cost: 110k 

ARV: 285k

If you need any other info please message me. 

Thank you.

[AJ Exner]

Happy to help, there are a few that would be willing but need some more information for the best recommendation. Just sent a DM.

Thank you!

[Hamp Lee III]

Congrats to you!

I wish you all the best.

[Junior Francica]

Quote from @Hamp Lee III:

Congrats to you!

I wish you all the best.

 thanks

[Ryan Davies]

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 $2,500 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.

[Junior Francica]

Quote from @Ryan Davies:

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 $2,500 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.

 I will send you a message.

[Ellen M Dimke]

Address please.

[Erik Estrada]

Quote from @Junior Francica:

Hello all, I am looking for a hard money lender to fund our current deal. The current HML we use cannot do in a city under 10k population and we are looking to do a flip in Trenton, GA. We have the home under contract.
purchase price: 86k

rehab cost: 110k 

ARV: 285k

If you need any other info please message me. 

Thank you.

 Under 10k population sounds rural. If that's the case you may need to consider going all cash or finding a private lender on this deal since many hard money lenders do not finance rural properties under $100k loan amount. 

[Marty Johnston]

Quote from @Junior Francica:

Hello all, I am looking for a hard money lender to fund our current deal. The current HML we use cannot do in a city under 10k population and we are looking to do a flip in Trenton, GA. We have the home under contract.
purchase price: 86k

rehab cost: 110k 

ARV: 285k

If you need any other info please message me. 

Thank you.

 Junior,

You haves some options here! Private Money all the way, as the big-boys who lend nationally will all have the same population issues you've been running into. GA is a good state for your goals though, so you should be able to get this done👍

Sent you a DM to see if I can help!

[Sophia Buesing]

Would love to help! 

[Araceli Gutierrez]

I am equipped to provide funding solutions tailored to projects involving property renovation and resale (fix and flip), long-term property ownership (fix and keep), as well as refinancing initiatives. I’d be more than happy to close some deals with you!!