All Forum Posts by: Account Closed

Hi @Josh Lyons. We may not be located in Charlotte, NC, but we do give loans to that area! Our office is located in Teaneck, NJ. We have a minimum loan of $100K and can fund up to $8M. We have an interest rate of 8.5-11%, but charge no points. Hopefully we can be of some assistance to you. If you want to learn more about our business, you can visit our website at accolend.com or send me a message for more details.

Hi @Tommy R.. we are a hard money lender located in Bergen County, NJ. We're able to fund in South Jersey and our minimum loan amount is $100K and can loan up to $8M. The loan term is a minimum of 6 months and up to 12 months. Our interest rate is 8.5-11% but we charge no points. If it sounds like we may be of service to you, give us a call at 201-643-6650.

Hi @Brad Dwin. If you're still looking for a hard money lender, I think we may be of service. AccoLend has our office in New Jersey, but we lend to most states, including WV. Our minimum loan amount is $100K, interest rate between 8.5-11%, and we charge no points. If it sounds like we may be of use to you, give us a call at 201-643-6650.

Hi @Alex Winfield. We do offer hard money loans for BRRR. Our office is located in New Jersey, but we do give lend to the Virginia area. The only thing that might come up as a problem is the timeline, as other people have mentioned. Our loans are only valid for up to 12 months, so there may not be enough time to rent out the property. If you're still interested in working with us, give us a call at 201-643-6650 or visit our website at www.accolend.com

@Matt B. Matt I think you can probably use a hard money lender. If you go to the BP directory you can find a list by state and you can contact them tell them your situation and they can tell you what kinda terms they can give you. Good LUck!

It depends on the lender. The only upfront cost that some lenders have is Appraisal and to pull the credit report. 

@Michael Elfant I think I can be of help. 

@William Carr As a beginner investor and not having that much money maybe a hard money lender might not be your best option. Most HL require you put 25% down of the purchase and rehab cost to get a decent rate of 9-11% with no points.  There are lenders out there that will provide 90% financing but it comes at a higher cost.  In addition, you should also think about closing cost and other things as appraisal, attorney fees, and title search. Good Luck!

Hi @Vincent Tranchina welcome and good luck! 

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