Using a Hard Money Lender

[Shedrick Archangel]

What are some of the documents that hard money lenders ask for to fund a deal?

[David Cruise]

@Shedrick Archangel you will find that each lender you contact will have different documentation requirements depending on their own internal guidelines and the loan product you are seeking. For example, some lenders require tax returns and 3 months of bank statements while others focus solely on the property itself and don't care about your tax returns. In general, be prepared to talk in great detail to your HML about the property, your plan with that property, and your exit strategy or strategies. We put a lot of emphasis on whether our client has a well thought out plan for the investment including downside risk and what they will do if their main investment strategy doesn't work out.