I hope you are having a great day so far. I am a Hard Money Lender based out of Boston, MA. I wanted to get everyone's insight on what they wish they knew about the hard money process when you first started. Please leave your comments. I would like to see your point of view. Thank you in advance.
As far as a HML, having one that gives a straight answer when asked about a specific deal and not responding with "It depends". The terms dictate if the deal works and not getting firm numbers simply has me move on to a HML that will give me the numbers. On the same note, when I turn down the terms, I do not appreciate repeated calls to see what can be done to make the deal work. Give me the best terms and we can move forward - I for one do not play one against another and if it takes a rejection to come up with better terms, makes me wonder if I was getting a shaft even with the new terms.