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Updated 7 months ago on . Most recent reply

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Lisa Beard
  • Rental Property Investor
  • Charleston, SC
12
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39
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Hard Money Lender that can Close in Three Days?

Lisa Beard
  • Rental Property Investor
  • Charleston, SC
Posted

We had a contract fall through last night and need to pay off a hard money loan by Tuesday (that or extend with the current lender for only three months, and I would rather have a 12 month bridge loan at this point). Any hard money lenders who can close in three days?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

I am sure you will get all sorts of sure i can do that.

And is title run and ready to go.. ??? if not probably not going to happen in 3 days.

Also 99% of HML require an appraisal so thats not going to happen in 3 days.

U will need a True private money IE an individual Like me that does these kind of deals. I do my own valuations of the asset I dont use 3p apprasials.. so we can and do fund in a matter of days If I really like the situation.. I make the decision not a Broker who has to send to an underwriter etc etc.. but of course there is a premium to pay for those services. I suggest you work it out with the existing lender thats going to be your cheapest ave.

Just be careful of fakes offering you things that sound to good to be true.. 

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JLH Capital Partners

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