All Forum Posts by: Ioulian Stoitchkov

Thank you all for the great info!

Hi all,

I'm looking for hard money lenders ok to lend in Baltimore, MD who do not need min of $100k of total loan value. I recently came across few projects that would be in the $80k loan value (purchase and rehab). The hard money lenders I have been using required $100k min loan.

Thank you!

Thank you for the quick replies - super helpful and appreciated!

I have followed up with folks individually. 

Hi there,

I'm looking to do BRRRs in Maryland and Baltimore and looking for a hard money lender. Here is why I'm posting this here as I have already done some research on my own:

1. I am looking at properties who may need larger rehab budgets than the purchase price and trying to find hard money lender who would be open to finance deals like that. I have spoken to a few HMLs and they appear to cap the rehab budget to the purchase price. 

2. Alternatively, I am open to finance part of the rehab myself but that requires the HML to be open to that option

Any thoughts would be super appreciated!