Hard Money Lenders In Las Vegas

Real Estate Agent · Las Vegas, NV · Member since 2021 · 8 posts · 0 votes

I'm curious to know who you recommend to be the most flexible hard money lenders in Las Vegas? What kinds of criteria they look for, how much will they loan, do they require a credit check or will they loan based on comps/ARV, etc.

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

Originally posted by @Reggie Evans:

Jay, thanks for the information. In your experience, what should one look for or ask to determine whether they are working with a legit HML in NV? (other than the obvious "are you licensed, what's your license number" question)

if they have a NMLS and state license they are legit bascially.

go on lendinghome.com website and look at their pricing matrix this will give you an idea whats out there in the industry

most all HML pretty much follow this matrix.

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Joey Smadar
Property Manager · Las Vegas, NV · Member since 2021 · 11 posts · 9 votes
4y
Hi Reggie, you are looking at a minimum of 7% in Las Vegas going up to 11%, if you are looking for an investment property this won't make sense but this is just a thought. Good luck!
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Reggie Evans
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Real Estate Agent · Las Vegas, NV · Member since 2021 · 8 posts · 0 votes
4y
Thanks for your input Joey. Minimum 7% upto 11%, are you referring to down payment, APR, or something else?
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
4y
reason you may not be getting a lot of responses is that HML need to be NMLS licensed to do loans on 1 to 4 units in that state

so there are not a ton of HML in NV at least legal ones.. all sorts of fake lenders will use a Vegas address ..
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Reggie Evans
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Real Estate Agent · Las Vegas, NV · Member since 2021 · 8 posts · 0 votes
4y
Jay, thanks for the information. In your experience, what should one look for or ask to determine whether they are working with a legit HML in NV? (other than the obvious "are you licensed, what's your license number" question)
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
4y
Originally posted by @Reggie Evans:
Jay, thanks for the information. In your experience, what should one look for or ask to determine whether they are working with a legit HML in NV? (other than the obvious "are you licensed, what's your license number" question)
if they have a NMLS and state license they are legit bascially.
go on lendinghome.com website and look at their pricing matrix this will give you an idea whats out there in the industry
most all HML pretty much follow this matrix.

Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
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