Updated almost 9 years ago on . Most recent reply
Lender: Private Money Utah
Hi BiggerPockets. I am a newbie, and a first time flipper in Honolulu, Hawaii.
Has anyone ever gotten a hard money loan from a company called PRIVATE MONEY UTAH?
Their 12.5% interest in 2-5 points are quite high, but apparently can do 100% loan-to-value on the purchase price, and 100% of the rehab cost. So for a first time flipper without a lot of cash to put into my first deal, it looks like a great option for me.
Would love to hear any feedback!
Ted