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Rehabbing & House Flipping

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Jason Hutcheson
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Hard Money Lender Options

Jason Hutcheson
Posted Feb 19 2024, 08:28

Hi, I am loooking for suggestions for finding hard money lenders in Arkansas or surrounding areas.  I have done several flips and I am trying to scale up and grow.  If you have suggestions on anyone I could contact or make a connection with please let me know.  

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Ryan Blackstone
Pro Member
  • Real Estate Broker
  • Fayetteville, AR
227
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343
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Ryan Blackstone
Pro Member
  • Real Estate Broker
  • Fayetteville, AR
Replied Feb 19 2024, 11:31

I will email you our list

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Bill J Fay
  • Lender
  • Denver
181
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177
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Bill J Fay
  • Lender
  • Denver
Replied Feb 19 2024, 11:35

Hard Money Lenders from BP

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Jacob Sherman
Pro Member
#1 Rehabbing & House Flipping Contributor
  • 12 Penns Trail Suite 138 Newtown, PA 18940
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Jacob Sherman
Pro Member
#1 Rehabbing & House Flipping Contributor
  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied Feb 19 2024, 17:26

What are your scenarios looking like for property type and loan amount ranges ? 

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Ryan Davies
Lender
#3 Creative Real Estate Financing Contributor
  • Investor
  • Salt Lake City, UT
110
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323
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Ryan Davies
Lender
#3 Creative Real Estate Financing Contributor
  • Investor
  • Salt Lake City, UT
Replied Feb 20 2024, 07:30

You can looking them up on the biggerpockets platform. Working with brokers can be a great option.

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Jason Hutcheson
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Jason Hutcheson
Replied Feb 22 2024, 08:43

Thanks for all the replies and messages!  I have plenty of options to explore now! 

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Replied Apr 23 2024, 21:42
Quote from @Ryan Blackstone:

I will email you our list


 I would love a list of private money if you have any [email protected]

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343
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Ryan Blackstone
Pro Member
  • Real Estate Broker
  • Fayetteville, AR
227
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343
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Ryan Blackstone
Pro Member
  • Real Estate Broker
  • Fayetteville, AR
Replied Apr 24 2024, 06:08

I have hard money lenders, and will email you the list. 

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110
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Ryan Davies
Lender
#3 Creative Real Estate Financing Contributor
  • Investor
  • Salt Lake City, UT
110
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323
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Ryan Davies
Lender
#3 Creative Real Estate Financing Contributor
  • Investor
  • Salt Lake City, UT
Replied Apr 25 2024, 07:42

Most work this way 

  • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

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Anderson S.
Lender
  • Atlanta GA, USA
4
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18
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Anderson S.
Lender
  • Atlanta GA, USA
Replied May 8 2024, 09:50

Hi Jason, feel free to hit me up we'd love to support your endeavors in Arkansas.

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Replied May 10 2024, 09:18

I'm a Bigger Pockets preferred lender and would love to connect.