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Updated about 8 years ago on . Most recent reply

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Lance Jarmon
  • Upper Marlboro, MD
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Hard Money Lending questions

Lance Jarmon
  • Upper Marlboro, MD
Posted
Anyone familiar with DoHardMoney lenders? Looking to get a hard Money loan to invest in first property.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

there are threads on this company.. from what I read in the threads they charge 2500 or more to sign up with them with NO promise of funding... 

then they charge some amount of money to underwrite each deal.. so its concievable you will be out 3 to 3500 before they say they will do the deal.. although they say you get a rebate when you use them to get your dough back.. from what others have posted.. they paid the money and the deals were never good enough to fund from do hard moneys side of things and they blew the dough.

but there are others that have posted that they indeed funded loans for them at 100% .. from what others have said there rates are quite high as you would expect with this kind of arrange ments

you may want to google   Gorilla capital in Eugene Ore.. they have a quasi 90% program. I know them personally and they do fund

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JLH Capital Partners

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