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Updated over 4 years ago,
Has anyone used Lendinghome. com?
Good morning BP and Happy Holidays!!
I am looking for advice regarding lendinghome.com. Also any good lenders In the Deleware County area in Pennsylvania. I have a deal on the line and i am seeking funding from different lenders. Lending home offered to lend me 79k for
12.5%, 1y fixed, am interest only, monthly 829.17, LTV 83%
They are asking 50k for a triplex the arv is 158k
This would be my first time buying a property I plan to use the brrr strategy because of the cashflow in the property. However i am a little hesitant to accept these terms because of the high interest rate not to mention the bad reviews about lending home. Have any of you ever used lending home? What was your experience? Have you ever had terms like this from a Hard money Lender?
Please Share , Thanks a million!!!!!