Where would I start for a hard money loan??

Question

Who or where would I go to acquire a hard money loan? I see there are companies who lend, but I see a lot of bad reviews mixed with some good reviews. If not a bank or a loan company than what. Do not have the best credit, so what should I do?

Tony Figurelli · Answer

If you have a local REIA, get with them and ask for their referrals also. It will give you a good idea of who is actively lending in your area.

Sean Blomquist · Answer

Kyle,

Talk with @Travis Sperr.  He works with me, but does business in the Springs and would be able to give you a hand.

Sean

Seth Hayes · Answer

A mortgage broker is also an avenue you can pursue since they work with multiple funding sources and are familiar with their lending requirements. It saves you the time and hassle of calling 100 lenders, getting 10 minutes into the conversation before they tell you that they can't help you. A broker can sit down with you, hear your background, current situation, and what your plans are, then put you together with a lender that will be happy to work with you.

Kyle Baggett · Answer

Thank you guys!

Sean I will!

Troy Durrette · Answer

There are MANY forums about hard money, That's where I started.

I also called an interviewed MANY hard money lenders via phone, that way I found out what each of them was looking for.

My credit was not good either, so found I a good credit partner.

Where would I start for a hard money loan??

Most Popular Reply