Hard Money Lender Recommendations

[Marc Nespoli]

I am working on acquiring a 4 unit apartment building and am looking to get the down payment and closing costs covered either through an investor and/or hard money lender. 

Can anyone help with a recommendation for a hard money lender in PA? Positives vs negatives?

I'm looking for about $50,000.

Building has very good income and solid rent history.

Thanks!

[Jay Hinrichs]

what your looking for is gap financing or 100% financing.  Unless you have an existing relationship and very LONG term track record.. this is virtually impossible to find .

your best bet is an EQUITY partner.. to match up to the 70% LTV or LTC HML your going to get to secure the asset.

DO not GET SUCKED into those that will tell you they can do it  just need to send them a few bucks up front.. those are pump and dump scammers.. which are very prevalent on BP when you ask for money.

DOHARDMONEY in Utah will do 100% but they charge 3 to 4k up front.. and then a due diligence fee etc etc.. with NO gurantee they will fund your deal.. mixed reviews on them but I have heard they acutally can close a deal.

Gorilla Capital out of Eugene Oregon has rolled out a 90% LTC program that is more equity share than HML.. you can take with Evan Weiser he is on this site.. John Helmick the owner is a business acquaintance of I and he has a for real company that can fund if you meet the requirements.