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Updated over 8 years ago on . Most recent reply

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3
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0
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Ella Matutis- Digal
  • Citrus Heights, CA
0
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3
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Hard Money Lenders

Ella Matutis- Digal
  • Citrus Heights, CA
Posted

Hello, I'm new to REI and found a 4 unit mutli family unit that a family friend is selling. Any suggestions for hard money lenders in the Northern California area?

Most Popular Reply

User Stats

33
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9
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Amir Levi
  • Hard Money Lender
  • Los Angeles, CA
9
Votes |
33
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Amir Levi
  • Hard Money Lender
  • Los Angeles, CA
Replied

Most genuine HMLs will lend you 65% of purchase at 10% and 2 to 3 points.   4 units is tricky, however.  You must be able to convince them that you are not going to live there.  Otherwise the lender will be limited by many rules and regulations and disclosures, and he may shy away from lending $ to you.

All the best

Amir

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