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Updated almost 11 years ago on . Most recent reply

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25
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2
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Bill Newport
  • Newport Beach, CA
2
Votes |
25
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Private Money

Bill Newport
  • Newport Beach, CA
Posted

Hello All,

Just wanted to get some feed back on private money individuals. Is it common for a private money investor to lend on high LTV deals (ie. over 80 or 90%)? Covering the purchase and rehab costs, if flipping? Or is this the proverbial unicorn....?? Thank you...

Most Popular Reply

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673
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360
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Sam Craven
  • Houston, TX
360
Votes |
673
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Sam Craven
  • Houston, TX
Replied

All of my lenders lend 100% of purchase and rehab, so long as it doesn't go past 70-75% LTV.

No savvy lender will go past 80% is it puts the lender and the project at a far greater risk of failure.

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