Looking for Hard Money Lenders IN Queens

New York, New York
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Looking for Hard Money Lenders IN Queens

Nilufar Ahmed
Member since 2024 · 2 posts · 2 votes

Hello, I am a new flipper from Queens, NY. Is there any lenders who work with first time real estate flippers? Would love to know your terms.

Thank you.

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Ko KashiwagiPro Member
Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
2y

Hi Nilufar,

Hard money for first time flippers is certainly out there! What kind of projects are you looking into? Most first time programs will qualify you based off of FICO and may limit you in terms of leverage/scope of work (usually no heavy/structural rehabs).

310-848-9776
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  • Ko KashiwagiPro Member
    Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
    2y

    Hi Nilufar,

    Hard money for first time flippers is certainly out there! What kind of projects are you looking into? Most first time programs will qualify you based off of FICO and may limit you in terms of leverage/scope of work (usually no heavy/structural rehabs).

    310-848-9776
    1Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Nilufar Ahmed:

    Hello, I am a new flipper from Queens, NY. Is there any lenders who work with first time real estate flippers? Would love to know your terms.

    Thank you.


    There are many hard money lenders that work with first time flippers. If you completed any rehab work on long term rentals, lenders may also use that as experience. 

    Most Hard Money lenders typically cap first time investors to 75-80% of the initial PP and 100% of the rehab costs. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    1Reply
  • Joe Morello
    Real Estate Consultant · West Palm Beach, FL · Member since 2022 · 40 posts · 11 votes
    2y

    I have some great contacts who lend in Queens, NY. Feel free to reach out and I'd be happy to assist. 

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