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Warren Hoehn's profile image
Warren Hoehn's profile image
Warren Hoehn
  • Real Estate Investor
  • from Oklahoma City, OK
  • Member since May 7, 2009

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Warren Hoehn's profile image
Warren Hoehn's profile image
Warren Hoehn
  • Real Estate Investor
  • from Oklahoma City, OK
  • Member since May 7, 2009
Warren Hoehn
  • Real Estate Investor
  • Oklahoma City, OK
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Commercial Real Estate Investing

True Hardmoney Lender are they a dinosaur?

Warren Hoehn
  • Real Estate Investor
  • Oklahoma City, OK
Posted

The question out there before you, is there any true hard money lenders out there for commercial real estate anymore? ( in Indiana )

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Don Konipol's profile image
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Don Konipol

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Don Konipol
Don Konipol
#1 General Real Estate Investing Contributor
  • Investor
  • The Woodlands TX / Avon, CT
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Don Konipol
#1 General Real Estate Investing Contributor
  • Investor
  • The Woodlands TX / Avon, CT
Replied

Don't know about Indiana, but we lend in Texas on commercial and investment property.

We are a "true" hard money lender in the sense that we do not run a credit check or examine the buyer's financials.

However, we have tightened our criteria in the last 3 years, by lowering our LTV maximum, requiring significant buyer capital contribution on purchase deals, and checking collateral's capacity to meet interest payments. So the easy money, nothing down, high LTV loans are gone.

  • Don Konipol
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