Investor · Albuquerque, NM · Member since 2016 · 108 posts · 7 votes
I have a CO business partner who is looking for private lending and asking what percentage can be funded on a sold deal? Also interest and how long for terms of the private loan. How quickly can the funds be processed. If any private lenders in Albuquerque let me know thank you very much.
We definitely finance real estate investments in NM and CO.
The percentage LTV (Loan To Value ratio) available will depend on several factors, like:
Income
FICO Score
Experience
Property Location & Condition
Liquid Cash on Hand
Type of Property
Loan Term / Duration & Exit Strategy
Etc
Generally, the range available for LTVs using Private Hard Money Loans will be anywhere from 65% - 80% of the total property value (sometimes higher LTVs are available). Depending on the transaction type, this LTV can be calculated based on Current As Is Value orARV (After Repair Value).
We have loan terms ranging from 12 months (or less) up to 30+ years. The interest rates & Origination Fees will be highly dependent on all the above factors already mentioned.
Happy to discuss the specific scenario & provide a more accurate personalize rate quote.
Feel free to also start the Pre-Qual process yourself online here: