Help with hard money and a seller financing deal.

Buffalo, New York
Out of State Investing
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Help with hard money and a seller financing deal.

Brandon Ashraf
Contractor · Raleigh nc · Member since 2025 · 13 posts · 4 votes

Working on a deal and its my first of any kind.  I need help with equity thats involved. What route as far as hard money do I take etc... thanks in advance 

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    8mo

    Hey Brandon, 

    Most HMLs will lend in 1st position and may require at least 10%-5% skin in the game if you are combining both. If you are experienced or have a high FICO (above 740) you should be able to do 90 LTV 100% Rehab all day.

    With 5 or more exits, there are a few lenders that can do 100% financing up to $750k. 

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    • Brandon Ashraf
      OP
      Contractor · Raleigh nc · Member since 2025 · 13 posts · 4 votes
      8mo
      Quote from @Erik Estrada:

      Hey Brandon, 

      Most HMLs will lend in 1st position and may require at least 10%-5% skin in the game if you are combining both. If you are experienced or have a high FICO (above 740) you should be able to do 90 LTV 100% Rehab all day.

      With 5 or more exits, there are a few lenders that can do 100% financing up to $750k. 


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  • Brandon Ashraf
    OP
    Contractor · Raleigh nc · Member since 2025 · 13 posts · 4 votes
    8mo

    Thank you so much for your information. I think I am at the point where I need to zero in on the structure of our seller finance deal. And I have questions about equity and some other things. After I thought I've figured it out im confused again but this is something I need to make sure both end are as equally satisfied that is important to me. 

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  • Matthew Bernal
    Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
    8mo

    Congrats on the first deal. @Brandon Ashraf

    Before jumping into hard money, make sure you've nailed down purchase price, rehab budget, ARV, and your exit (flip or hold). On a first deal, expect lower leverage and higher fees, especially if you don't have reserves or a contractor bid lined up.

    Are you flipping or planning to refinance and hold? And what do the numbers look like?

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