All Forum Posts by: Copelon Kirklin

One of the best uses for hard money is when an investor has free and clear properties and needs cash for another deal they're looking to fix and flip. Even though hard money loans are generally expensive, it can be a valuable tool if you're planning to be in and out of the deal. Contact me via direct line or email if you're needing to pull some cash out to bring to another deal. Funding is pretty fast. 2 weeks on average.

Strong credit is required to qualify for maximum line amount (min. 720 FICO). Personally, I think it's one of the great products for those looking for rehab/gap funds. Here are some of the highlights...

• Low Interest Rates (as opposed to typical hard money rates)
• Unsecured/No Collateral
• Stated Income/No Docs Required
• No Restrictions on Use
• Funding in as Little as 15 Days
• No Upfront Fees
• Lines Will NOT Report to the Personal Credit Bureaus

Contact me via direct line or email if you're interested.

@Nate Lindquist Seems like a SISA (stated income, stated assets) loan product is what would suit you. It wouldn't give you conventional rates, but depending on your use of funds, it may work for you. 

Have you pulled comps to arrive at the ARV Michael? I'd be interested if they support your numbers.

 Performing or non-performing? And are the agency underwritten?

Hard money is an option as well. 

Or you could go the hard money route. That's the only other way to refi in your LLC's name.

I ran across a few investors who have trouble pulling cash out of their properties for lower amounts. I have a solution for that...

If you have SFR, NOO, 1-4 unit properties in the covered 34 states, you can pull cash out as low as $20K up to $200K, 50% LTV, NO credit or income verifications. Give me a call if you're interested 225-304-2634 or email me: [email protected]; [email protected]

Shawn presents a good option as well. If you want to explore 100% purchase and rehab funding with up to 70% ARV, I can assist you with that. It's a 9 month loan but you can refi into conventional once rehab is complete.

I can do the 50% LTV but it will be TRUE hard money rates. 2 weeks to fund, no income or credit verifications.