Hard money lender's first deal

[Francisco Navarro]

Hey, everyone on bigger pockets. I'm a realtor/wholesaler out of Socal. I have wholesaled two properties in the past 3 months, what is the minimum percentage that hard money lenders require for a first flip? Would it be 10 percent down? 

[Chris Seveney]

Quote from @Francisco Navarro:

Hey, everyone on bigger pockets. I'm a realtor/wholesaler out of Socal. I have wholesaled two properties in the past 3 months, what is the minimum percentage that hard money lenders require for a first flip? Would it be 10 percent down? 

 For first flip, some may go as low as 10% down but you are gonna pay through the nose. Some do 10% down and will fund 100% construction but up to 75-90% LTC. It would also depend on your credit, your GC etc as well. Most of us on here can throw out numbers to you but until we got actual information would not be able to give you a solid quote.