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User Stats

6
Posts
7
Votes
Jason Hutcheson
7
Votes |
6
Posts

Hard Money Lender Options

Jason Hutcheson
Posted

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.  

User Stats

355
Posts
235
Votes
Ryan Blackstone
Pro Member
  • Real Estate Broker
  • Fayetteville, AR
235
Votes |
355
Posts
Ryan Blackstone
Pro Member
  • Real Estate Broker
  • Fayetteville, AR
Replied

I will email you our list

  • Ryan Blackstone
  • User Stats

    216
    Posts
    209
    Votes
    Bill J Fay
    Pro Member
    • Lender
    • San Diego
    209
    Votes |
    216
    Posts
    Bill J Fay
    Pro Member
    • Lender
    • San Diego
    Replied

    Hard Money Lenders from BP

  • Bill J Fay
  • BiggerPockets logo
    BiggerPockets
    |
    Sponsored
    Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

    User Stats

    1,328
    Posts
    291
    Votes
    Jacob Sherman
    Pro Member
    • 12 Penns Trail Suite 138 Newtown, PA 18940
    291
    Votes |
    1,328
    Posts
    Jacob Sherman
    Pro Member
    • 12 Penns Trail Suite 138 Newtown, PA 18940
    Replied

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

  • Jacob Sherman
  • [email protected]
  • 267-516-0896
  • User Stats

    338
    Posts
    118
    Votes
    Ryan Davies
    Lender
    • Investor
    • Salt Lake City, UT
    118
    Votes |
    338
    Posts
    Ryan Davies
    Lender
    • Investor
    • Salt Lake City, UT
    Replied

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

    • Real Estate Agent

    User Stats

    6
    Posts
    7
    Votes
    Jason Hutcheson
    7
    Votes |
    6
    Posts
    Jason Hutcheson
    Replied

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

    User Stats

    3
    Posts
    0
    Votes
    Replied
    Quote from @Ryan Blackstone:

    I will email you our list


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

    User Stats

    355
    Posts
    235
    Votes
    Ryan Blackstone
    Pro Member
    • Real Estate Broker
    • Fayetteville, AR
    235
    Votes |
    355
    Posts
    Ryan Blackstone
    Pro Member
    • Real Estate Broker
    • Fayetteville, AR
    Replied

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

  • Ryan Blackstone
  • User Stats

    338
    Posts
    118
    Votes
    Ryan Davies
    Lender
    • Investor
    • Salt Lake City, UT
    118
    Votes |
    338
    Posts
    Ryan Davies
    Lender
    • Investor
    • Salt Lake City, UT
    Replied

    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.
    • Real Estate Agent

    User Stats

    175
    Posts
    44
    Votes
    Anderson S.
    Lender
    • Lender
    • Brooklyn, NY
    44
    Votes |
    175
    Posts
    Anderson S.
    Lender
    • Lender
    • Brooklyn, NY
    Replied

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

    User Stats

    226
    Posts
    134
    Votes
    Replied

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

    User Stats

    3
    Posts
    0
    Votes
    Replied
    Quote from @Ryan Davies:

    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.

     Could you help me please. 501-358-0287