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All Forum Posts by: Ryan Davies

Ryan Davies has started 3 posts and replied 312 times.

Post: Hard money lender/help

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

We can help 

  • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Looking for a no appraisal fast hard money lender

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123
  • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Broker relationships with commercial lenders

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

We broker as well and have a massive network we have built. Its better to niche

Post: Refi options for a six-unit STR

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

Plenty out there that will do it as long as your ratios are in line.

Post: Hard Money for 10% down

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

We have partners that will cross collateralize and some will just do 10%. Depends on how solid you are.

Most work this way 

  • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: How to Find a Private/Hard money lender for a BRRR

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

You can search in the tools on here. Most hard money work as follows:

  • • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: hard money lenders wanted

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

We can help. We have a massive network. 

  • • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: What criteria do Hard Money Lenders look at?

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

Here is how most work:

  • • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Looking for a Private Lender or Hard Money loan for a fix and flip location Redford

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 123

We can help 

  • • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.