Seeking hard money lenders recommendations

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Seeking hard money lenders recommendations

Tiffany Johnson
New to Real Estate · Memphis, TN · Member since 2019 · 11 posts · 8 votes

Hi All, I currently am starting with my first fix and flip and want to work with a hard money lender to get funding in the Tennessee/ Arkansas area. Is there any recommendations on HML that would be good to fund a fix & flip property?

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Douglas SkipworthBusiness Member
Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
2y

Hi, Tiffany.

Congrats on starting your first fix and flip!

@Raysean Branch at CoreLend Financial is a great resource for Memphis and Eastern AR hard money loans.

Investor's Guide to Memphis Real Estate
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  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 664 votes
    2y

    Hi Tiffany, I have a fantastic referral partner for those states. Would be happy to connect and chat more!

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    0Reply
  • Gall Davidovitch
    Investor · Member since 2023 · 38 posts · 7 votes
    2y

    Hey, the way that I will finance fix and flips is to get a hard money lender like you said to cover the Porsche price, then do CC funding to cover rehab costs. 

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

    We have a massive network and can help. 

    • Rates: 9% to 13% (Most Deals are 11-12%)
    • Terms: up to 36 Months (Most Deals are 6-12 months)
    • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
    • Minimum Loan Amount: $50,000 (For loans less than $250,000 we charge $2,500 minimum)
    • Max Loan: 65%-70% 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 2 Weeks
    • 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, VA, WA, WV, WI, WY.
    • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
    1Reply
  • Douglas SkipworthBusiness Member
    Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
    2y

    Hi, Tiffany.

    Congrats on starting your first fix and flip!

    @Raysean Branch at CoreLend Financial is a great resource for Memphis and Eastern AR hard money loans.

    Investor's Guide to Memphis Real Estate
    View Page
    2Reply
  • Wiley Calhoun
    Lender · Greater Seattle · Member since 2018 · 8 posts · 1 vote
    2y
    Quote from @Tiffany Johnson:

    Hi All, I currently am starting with my first fix and flip and want to work with a hard money lender to get funding in the Tennessee/ Arkansas area. Is there any recommendations on HML that would be good to fund a fix & flip property?


    0Reply
  • Wiley Calhoun
    Lender · Greater Seattle · Member since 2018 · 8 posts · 1 vote
    2y
    Quote from @Wiley Calhoun:
    Quote from @Tiffany Johnson:

    Hi All, I currently am starting with my first fix and flip and want to work with a hard money lender to get funding in the Tennessee/ Arkansas area. Is there any recommendations on HML that would be good to fund a fix & flip property?

    Hello @TIffany Johnson I have brokered HML's for years and now offer non-traditional unsecured cash loans to save my clients costs and fees. As our funding can be used for any industry or purpose they are excellent for the AR/TN area and even better for new investors. Starting as low as 5% financing can be used for purchase and or GAP funding to combine with HML. Reach out to me if you are interested in saving and learning a much needed updated way of investing? I look forward to hearing from you soon, along with true genuine wishes of continued success...

    Thank you Wiley

    425-954-3430

    0Reply
  • Rashawn Dally
    Lender · Farmington, CT · Member since 2021 · 11 posts · 5 votes
    2y

    Hi, Tiffany - Congrats on getting started. There are tons of opportunity in Memphis, speaking from experience because I lived there for two years. Let's connect 

    0Reply
  • Monica Bynum
    Real Estate Agent · Memphis, TN · Member since 2019 · 76 posts · 39 votes
    2y

    Hey Tiffany! Congrats on getting started in Memphis. There are a few local ones here in Memphis that would be great to connect with. Corelend Financial and Avalon Capital! I would be happy to connect with you on your real estate needs.  

    1Reply
  • David ChungPro Member
    Lender · Orange County, CA · Member since 2017 · 56 posts · 14 votes
    2y
    Quote from @Tiffany Johnson:

    Hi All, I currently am starting with my first fix and flip and want to work with a hard money lender to get funding in the Tennessee/ Arkansas area. Is there any recommendations on HML that would be good to fund a fix & flip property?


     Hi Tiffany, I'm a private money and hard money lender, and as such, I can offer flexible terms that will help you get to work on a fix and flip in those areas you mention.  We love working with first-time investors and have helped many get started on their journey - we have Youtube tips to share and give free deal analysis as part of our lending process. Our team is made up of investors like you and our services are customized the way we would want it ourselves, as investors.  Call us or apply with us today!

    [email protected]714-334-8110
    1Reply
  • Stephen Akindona
    Investor · Memphis, TN · Member since 2013 · 741 posts · 845 votes
    2y

    Hey @Tiffany Johnson, I have worked with just about every single hard money lender in the Memphis area and I would recommend you reach out to the guys over at Avalon capital. 

    2Reply
  • 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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