Hard Money Lenders

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David Ramirez
Investor · Tampa, FL · Member since 2019 · 1k+ posts · 1k+ votes
2y

Reach out to @Austin James Weed! Great guy 

2Reply
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  • David Ramirez
    Investor · Tampa, FL · Member since 2019 · 1k+ posts · 1k+ votes
    2y

    Reach out to @Austin James Weed! Great guy 

    2Reply
  • Ko KashiwagiPro Member
    Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
    2y

    Hi Tyquan,

    There are lenders out there that does not require experience!

    310-848-9776
    0Reply
  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y

    Would love to connect and discuss some options

    0Reply
  • Mary Ann Austria
    Member since 2023 · 5 posts · 0 votes
    2y

    Happy to help. Send me a DM

    0Reply
  • Anderson S.Business Member
    Lender · Brooklyn, NY · Member since 2024 · 209 posts · 50 votes
    2y

    Hi Tyquan, we're a hard money lender and we operate nationwide. How can we help?

    [email protected]917-830-7144
    Brooklyn Funding Group59 Reviews
    WebsiteView Page
    0Reply
  • Michael CalveyPro Member
    Head of Sales at BiggerPockets · Denver, CO · Member since 2023 · 134 posts · 154 votes
    2y

    I would suggest using our Find a Lender service which is free for you to use in order to find a trusted and vetted hard money lender directly from BiggerPockets. 

    [email protected]
    BiggerPockets
    0Reply
  • Ryan Davies
    Investor · Salt Lake City, UT · Member since 2019 · 339 posts · 126 votes
    2y

    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.
    0Reply
  • Katie Smith
    Member since 2023 · 348 posts · 190 votes
    2y

    Hi Tyquan! I just closed a deal in Arkansas! What area are you looking in? Do you have a specific property in mind?

    I work with new investors all of the time. I am very much a hand holder with new investors and will walk you through the entire process so that you understand it all. If you don't have an LLC created yet - I would jump on that ASAP. You will need the LLC to be registered, get an Operating Agreement in place, and file for your EIN number. If you have multiple people on the company, you ideally want the person with the highest credit score to have the most ownership percentages.

    2Reply
  • Travis Main
    Lender · Orlando, FL · Member since 2023 · 220 posts · 183 votes
    2y

    Hey Tyquan, 

    An important aspect to note regarding investing in Arkansas is the relatively lower property values. Many lenders typically establish their minimum loan sizes at around $100,000, encompassing both the initial loan amount for the purchase price and any needed rehab expenses. It's essential to ensure that the properties you're considering investing in meet these minimum thresholds.

    1Reply
  • Tyquan Fleming
    OP
    New to Real Estate · Pine Bluff, AR · Member since 2024 · 14 posts · 4 votes
    2y
    Quote from @Katie Smith:

    Hi Tyquan! I just closed a deal in Arkansas! What area are you looking in? Do you have a specific property in mind?

    I work with new investors all of the time. I am very much a hand holder with new investors and will walk you through the entire process so that you understand it all. If you don't have an LLC created yet - I would jump on that ASAP. You will need the LLC to be registered, get an Operating Agreement in place, and file for your EIN number. If you have multiple people on the company, you ideally want the person with the highest credit score to have the most ownership percentages.

    I currently am looking to invest in the Little Rock area as of right now and possibly the pine bluff area depending on the deal! I have a couple properties in mind at the moment but is still working on evaluation.
    0Reply
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