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Updated about 9 years ago,
Hard money/Consumer loan
I’m looking for a hard money lender and was wondering if this would be the right place to ask. I don’t need much I am looking for 35k to purchase a manufactured home on land, the land alone is worth 30K I am willing to offer 5K down and pay it off in 36 months at 10%. The property is in Arizona (AZ). The major issue that I am seeing is that dodd frank put an end to consumer hard money loans. So my question is: is there a way to acquire a personal loan that is backed by the real-estate property and stay within the legal restrictions?