All Forum Posts by: Eugene Neal

I unfortunately haven’t had the best experience either. I paid my $2,500 up front fee. Received a term sheet and was told I would receive funds within 90 days. It’s been almost 6 months. They are a joke...

We are a direct lender and can gladly review your scenario. We do not have any upfront fees. As the only out of pocket fees are for the appraisal once you are approved.

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Quote from @Roselin G.:

Hello,

Still learning options for financing with hard money lenders.

How does hard money lenders typically deal with foreclosed properties? I have a property I'm looking to fund. Thank you for any feedback!

We would set you up with a pre approval at the max amount you could receive. You then would be able to go to the auction knowing your highest loan amount. If you're including the rehab then a scope of work would be required as well. Please reach out if you have any questions as we are a direct lender.

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Tulsa, Oklahoma

We will allow you to use funds from business credit as a down payment on a Hard Money Loan. In order to qualify for business credit, you must show at least $24,000 within your business checking account within the past 3 months. Credit doesn't matter for the business loan but it will matter to receive a Hard Money loan. If you find a great deal, then it may be worth exploring your options.

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Quote from @Mona B.:

@Brett Deas Thank you for the feedback. It's helpful to hear from other investors about the financing process and potential hurdles towards completing the first deal. Definitely will keep all of what you stated in mind as I continue to analyze multi/commercial leads.

Also it is important to have reserves for any repairs. As the rehab funds are sent out as a draw. Meaning you complete $10k worth of work, it then is inspected and then you receive $10k back from the lender. I have helped many first time Hard Money borrowers receive loans as we are a direct lender. Reach out if you have any questions.

1 Vote

Orlando, Florida

Quote from @M. Michele Hamer:

Hello,

I have been trying to find a good lender for a relative who needs work done on a 3unit brownstone in Brooklyn, NY. The property is owned free and clear but it needs about $250K ($90K of which is for the facade alone) according to the contractor who has been doing work on it. Credit is not a problem, but putting money down is since she has been paying for repairs out of pocket until now.
What is the probability of getting a loan approval for a project like this? ARV is in the $1.7M range (according to Zillow/ trulia/ Redfin), but an appraisal hasn't been done in a while.

Is this a primary residence or a investment property? Either way we would be able to help either as a residential loan or as an investment property. We are a direct lender located in NY. Please reach out to schedule a call or in office visit.

1 Vote

Quote from @David J.:

[email protected]

moneybag rentals llc

5096096462

Please send me a message with your buying criteria when you have a free moment.

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Spokane, Washington

If you're able to place the required 20% down we should be able to assist. We are a direct lender and would welcome the chance to review your scenario.

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Orange County, California

I work within the Hard Money universe and have many potential cash buyers. If you are able to JV deals, please message me.

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Cincinnati, Ohio

Quote from @Melanie Blazek:

I am a wholesaler in Sacramento, CA...actively locking up deals in CA and AZ.

Message me to get on my buyers list !

I assign properties for 70% of ARV

I work within the Hard Money universe and have many potential cash buyers. If you are able to JV deals, please message me.

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I have many cash buyers as I work within the Hard Money Universe. Are you able to JV your deals? If so, please message me.

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All Forum Posts by: Eugene Neal

Eugene Neal has started 13 posts and replied 115 times.

Post: Zoomeral Business funding

Post: Hard money lenders

Post: Fix and Flip with Hard Money and Business Credit

Post: Do Private Money Lenders Work with Newbies & DSCR Loans?

Post: Fix & Rent Loan Brownstone

Post: add me to ur wholesale list for Spokane wa

Post: Seeking Private Capital for 2 Fix&Flips in Huntington Beach, CA

Post: Looking for Cash buyers in the Cincinnati Northern KY Area

Post: CASH BUYERS / Fix-n-flip opportunities

Post: LOOKING FOR CASH BUYERS IN INDIANAPOLIS AREA AND ANDERSON, INDIANA