Seeking ARV Lender in NJ

[Hugo Alves]

I'm seeking a private money or hard money lender in NJ that will lend on ARV instead of LTV. I'm also looking for the lenders the lend the rehab costs of the project. Am I asking for too much? I have roughly $30k to put into the deal. Thanks in advance

[Anthony Susco]

@Hugo Alves I don't think you're asking too much - most HMLs will base their loan amount on a percentage of the ARV. Essentially, the LTV will be based on the ARV, not the current value. All lenders are different, but most should also be able to incorporate rehab costs into the loan amount, as long as the LTV makes sense.