Hard Money Lenders

[Nick Lippe]

Looking to speak with a hard money lender regarding a potential 2-4 unit rehab project I'll be doing. Any insight on the loan process would be greatly appreciated! 

[Ryan Davies]

Here is how most will work:

• Rates: 10% to 14% (Most Deals are 12%)
• Terms: 1 Day - 24 Months (Most Deals are 6 months)
• Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee
• Minimum Loan Amount: $75,000
• Max Loan: 65-70% of After Repair Value(ARV)
• 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)
• Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)
• NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.