Looking for a Private Lender or Hard Money loan for a fix and flip location Redford

[Karen Hargis]

Hi, I am a realtor for 10 years and just acquired my first fix and flip. I may know of a private lender but would like any referrals for hard money lenders and what typically is the interest rate? How do I find contractors that deal with investment properties and can get in and out quickly and not scam me? I have a lot of questions and appreciate any advice. Thank you.

[Ryan Davies]

We 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 $2,500 minimum fee)
• 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)
• NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.