I have already talked to hard money lenders and got the pre approval.

I just closed a hard‑money buy at $70K, rehab $30K, and put in $25K cash.

As a broker, my biggest pet peeves are hard money lenders circumventing to my clients, not being upfront about fees, asking for a commitment fee prior to issuing loan docs, and "matching" my broker fees, even though I underwrote the file, got the client, and did all of the processing work. 

I’ve seen wholesalers earn a 2.5% commission on a transaction and then charge a 10–20k assignment fee on top of that commission.

Quote from @Placeholder Placeholder: Has anyone ever heard of Funding Co Holding, LLC, was In need of hard money loan due to unqualified docs, attempting to purchase potential property with extremely great ROI.

Quote from @Placeholder Placeholder: Just applied for a hard money for a fix and flip and got this message:Your application was turned down for the following reasons:Total credit limit on open revolving trades is too low.Maximum credit amount on open revolving bankcard tradelines is too low.Period of time since bankcard revolving or charge trades opened is too short.  

You will pay 10% penalty plus taxes on that money.

Is this normal for hard money?

Hey BP community,With banks tightening their criteria and private credit assets continuing to grow, I’ve been digging into how private money lending is evolving — especially in our real-estate investing space.

Just won a bid at auction.com and my lender provided me with a preapproval but they rejected it saying that it cannot have any condition on it, is it possible por my hard money lender to give me one with no condition?