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Easy Street Capital
5.0
2 reviews
5.0
2 reviews
Easy Street Capital
Easy Street Capital is a relationship lender with loan programs for every borrower. Regardless of experience or credit we are able to finance your next investment. Whether you are buying a property to fix up, building new construction, or generating cash flow from rental units Easy Street Capital has the solution. As a fully discretionary lender we have the ability to customize a loan specifically to meet your individual needs. We look forward to assisting you with your next project. You can apply for a loan today: https://www.easystreetcap.com/bigger-pockets
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Aloha Capital
2 reviews
2 reviews
Aloha Capital
--- GET IN TOUCH --- CALL: (303) 245-0291 SCHEDULE 1-ON-1 MEETING: https://meetings.hubspot.com/alohacapital-kevin/initial-meeting APPLY FOR LOAN: https://alohaprivatelending.com/borrow/borrower-contact/ ASK A QUESTION: [email protected] JOIN OUR WEEKLY WEBINAR: https://alohaprivatelending.com/borrow/webinar-alohalearn/ Aloha Capital was created by real estate investors, for real estate investors. We offer fast, flexible and reliable financing at competitive rates to help you leverage your experience and take advantage of real estate investment opportunities. We are a direct lender funding loans nationwide from our in-house investment fund. We finance stable, value and ground up development projects on single-family, townhome, condo, multi-family and mixed-use properties. Quick response. Quick close. Loan Types (As of 1/1/2023): - RENTAL PROPERTY LOANS: Rates as low as 7.00%. 30-year fixed rate or ARM loan on purchase or refinance (Max 80% LTV) and cash out refinances (Max 75% LTV). 30 Year Amortization 10 Year IO with 20 Year Amortization. Flexible Prepayment Options. Quick Closes. No DTI Requirements. Qualify with FICO and DSCR of the property(s). SHORT TERM RENTALS ALLOWED! With or without 12 months rental history. Syndicated ownership allowed. - RESIDENTIAL FIX & FLIP + BRRRR LOANS: Up to 100% of purchase, 100% of rehab up to 75% ARV. Rates start at 9.99%. Quick Closes. 12 month term. - MULTIFAMILY VALUE-ADD: up to 80% of purchase, 100% of rehab up to 70% Stable Value. Rates start at 9.99%. Syndicated ownership allowed. - GROUND UP DEVELOPMENT: up to 85% of total project cost for infill residential projects with exit values up to 1.5X median MSA values. Rates start at 9.99%.
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BRRRRLOANS
5.0
4 reviews
5.0
4 reviews
BRRRRLOANS
BRRRRLOANS is a nationwide private lender structured to fund every stage of the BRRRR strategy with Interest Only Bridge Loans and No Doc 30yr Rental Loans. In contrast to the competition, our company can execute complex transactions in almost every state with uncompromising clarity and speed.
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The Hard Money Co.
The Hard Money Co.
Looking for cash? You’re in the right place! We’ve got funding options for real estate investors to get their projects started. We are a hard money lender that currently services real estate markets across all of the Midwest and beyond in the United States. Our lending program is a vehicle through which real estate investors can realize their investment goals and be competitive in their market. Our mission is to be the premier hard money lender in the United States (more states coming soon), by helping investors achieve superior market returns by leveraging our hard money loans while supporting the real estate investment community.
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What Is A Hard Money Lender?

A hard money loan is an asset-based loan. One of the biggest factors affecting the approval of a traditional loan is your credit history and income. Lenders want a candidate that possesses a reputable re-payment history because this demonstrates the consumer’s ability to repay loans.

However, a great credit score and a lot of income is not always guaranteed an approval and the overall process can sometimes take a long time. Hard money lenders utilize a different approach by lending funds based on collateral and therefore, the lender places less emphasis on credit history. Hard money loans are not for everyone, but there are several situations where these loans make sense.

Strategies Using Hard Money

There are different instances when a real estate investor will be more likely to use a hard money loan versus a traditional loan. Real estate investors might find themselves using a hard money loan in the following instances.

Fix & Flip
One of the most important things to understand when considering hard money is that each lender considers things differently than the next lender. Each lender is going to have his/her own criteria but most of them will base their loan off of a percentage of the after repair value or AVR. The following could also be considered when looking at a hard money loan:

  • Independent appraisers AVR
  • In-house AVR
  • Percentage of total costs
  • Percentage of the purchase price of the property
All lenders are different so be prepared for the hard money lender to consider any combination of the above before settling on the loan.
BRRRR
If you are a real estate investor looking to execute the BRRRR strategy then the first thing you are going to want to do is secure a lender. One of the biggest mistakes that real estate investors make in the BRRRR strategy is only looking for a lender right when they need one. The best thing that you can do for yourself is to begin searching for, vetting and building a relationship with a lender as early in the process as possible. Meeting with lenders earlier will highlight any issues you might have with credit or income that you might need to get fixed before you really need the money for repairs. Getting this handled early will save you a big headache in the future.
Short Term Financing
A short term loan is the traditional loan when a real estate investor is fix and flipping a property. With this type of loan you will typically only have 2-3 months to rehab and then resell your property for a profit. Short term financing is a good idea for properties that have a lower volume of fixes and repairs before putting the property back up for sale. Due to the short time period before the loan expires, you don’t want to get caught up with too many long term projects and have time run out. This would be homes that only need cosmetic repairs, upgraded appliances or minor repair work.

Questions To Ask A Hard Money Lender

Based on the best practice of reaching out to multiple lenders, you will want to make sure you have a proper list of questions available to you to vet out which lender is best for you. Here are some questions that you should ask a potential lender:

  • Are you the actual lender or just a broker?
  • Do you check personal credit? What score are you looking for?
  • What project details and documents do you need to make a quote?
  • How long will it take to get a quote?
  • Where does your money come from? Is this money in your control or do you receive it from a third party?
  • What happens if my loan needs to be extended?
  • How do you handle interest? Is it upfront, monthly or at the end?
What is Hard Money and How Does it Work? 10 Questions on Hard Money Loans Hard Money Buying Worksheet Hard Money Upfront Fees: Should You Pay Them? Understanding the Benefits and Risks of Hard Money Interview with Hard Money Lender, Kevin Amolsch Using Hard Money Lenders to Grow Your Business: Podcast with Ann Bellamy

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