All Forum Posts by: Eugene Neal

Would you consider anything in AZ? I have  client looking for a partner on a self storage unit.

As a direct lender, we work with a lot of first-time hard money borrowers. Every lender has slightly different requirements, but here are some of the common criteria we look for:

• Property Ownership / Purchase Agreement – You’ll need to show either a purchase contract or proof of current ownership if it’s a refinance.

• Exit Strategy – Whether it’s a flip, refinance into long-term financing, or a sale, the lender wants to understand how the loan will be paid off.

• Credit Profile – While perfect credit isn’t required, most lenders will still check for recent bankruptcies, foreclosures, or major delinquencies.

• Down Payment / Skin in the Game – Typically expect 20% down on a purchase. 

• Rehab Budget & ARV – A clear scope of work and after-repair value estimate are key for fix & flip loans.

• Entity Documentation – We will require an LLC, have your articles of organization, operating agreement, and EIN ready.

For first-time borrowers, transparency is important. If you can clearly present your deal, your plan, and your numbers, you’ll find that many lenders are willing to work with you—even if it’s your first project. In some situations based upon your credit score, you may need to show 3 to 6 months of reserves as well. However this is a case by case basis. 

We are a direct lender offering fast financing solutions for investors and brokers. Whether you need a new construction loan, DSCR loan, or bridge loan, we provide quick answers and flexible terms.

If you’re an investor with a deal or a broker with clients, send me a message with your scenario. You’ll receive a lending decision from our underwriting team within 24 hours.

Let’s get your next deal funded.

#HardMoneyLender #DirectLender #RealEstateInvesting #FixAndFlip #BridgeLoan #DSCR #NewConstruction

I'm looking to connect with a lender capable of facilitating a storage unit build-out in Arizona. This is a well-vetted opportunity with strong fundamentals — I have all financials, projections, and market comps readily available for review.

If you're positioned to assist (or can facilitate a close), I’d welcome a conversation. Serious inquiries only, please.

I am actively seeking a banking institution or broker to partner on a financing deal involving:

• A single-family home (SFH) subdivision development, and
• A mini storage facility, both located in Arizona.

We're looking for a lender experienced with mixed-use or development projects, who can offer competitive terms and work efficiently through the underwriting process.

If your institution is interested or if you can facilitate an introduction, please reach out directly.

I am actively seeking a banking institution or broker to partner on a financing deal involving:

• A single-family home (SFH) subdivision development, and

• A mini storage facility, both located in Arizona.

We're looking for a lender experienced with mixed-use or development projects, who can offer competitive terms and work efficiently through the underwriting process.

If your institution is interested or if you can facilitate an introduction, please reach out directly.

 

Thinking of using a HELOC to fund your rental property? Pros: Lower interest rates, flexible access to funds, and leverage without selling your home. Cons: Variable rates, risk to your home, and shorter repayment terms. But I agree you are able to reduce the cost via a HELOC. If you're looking to eventually scale then I would suggest a Hard Money Lender. Also all rehabilitation cost will be immediately out of pocket as well.

I'll let you know now there isn't any lender that will lend out at 100% LTV. You are better off placing the property under contract and then wholesaling the property. Reach out and I can help guide you with the process.

 If you have questions about to process or what is required please feel free to reach out. I haven't heard of them but that doesn't mean they are not good nor exist.  

This isn't too difficult to complete. There are other questions you need to answer in order to see if there are potential obstacles? Have you reviewed the credit scores or do you know roughly what the loan to value will be after the cash out? It may not be possible if your LTV is over 80%