Looking for Hard Money Lenders

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Looking for Hard Money Lenders

Junior Francica
Chattanooga, TN · Member since 2018 · 37 posts · 10 votes

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.

2Reply
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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 661 posts · 320 votes
    2y

    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!

    [email protected]417-427-2612
    0Reply
  • Hamp Lee IIIPro Member
    Real Estate Agent · San Antonio, TX · Member since 2019 · 1k+ posts · 832 votes
    2y

    Congrats to you!

    I wish you all the best.

    0Reply
  • Junior Francica
    OP
    Chattanooga, TN · Member since 2018 · 37 posts · 10 votes
    2y
    Quote from @Hamp Lee III:

    Congrats to you!

    I wish you all the best.


     thanks

    0Reply
  • Ryan Davies
    Investor · Salt Lake City, UT · Member since 2019 · 339 posts · 126 votes
    2y

    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.
    0Reply
  • Junior Francica
    OP
    Chattanooga, TN · Member since 2018 · 37 posts · 10 votes
    2y
    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.

    0Reply
  • Ellen M Dimke
    Member since 2024 · 12 posts · 0 votes
    2y

    Address please.

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    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. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
    WebsiteView Page
    0Reply
  • Marty JohnstonPro Member
    Lender · Wauwatosa, WI · Member since 2016 · 571 posts · 204 votes
    2y
    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!

    [email protected]414-600-0123
    0Reply
  • Sophia Buesing
    Lender · Denver · Member since 2023 · 127 posts · 26 votes
    2y

    Would love to help! 

    0Reply
  • Araceli Gutierrez
    Member since 2024 · 63 posts · 6 votes
    2y

    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!!

    0Reply
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