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Updated over 4 years ago on . Most recent reply

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12
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Raquel Aviles
1
Votes |
12
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Hard Money for 6+ Multi-Units

Raquel Aviles
Posted

Hello, I'm looking for Hard Money lender to Fund the purchase of a 6 unit. I have worked with a few lenders in the past and they all only fund 2-4 units. I found one HM lender Stratton Equities that will fund but not 100 sold with them. Does anyone know any hard Money lenders that will fund a Buy and Hold for a 6 unit? I'd like to call around and get information. ( Not looking for a Broker)

THANKS

Most Popular Reply

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2,091
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Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
2,359
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2,091
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Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
Replied

@Raquel Aviles

You should be able to qualify for a Commerical loan. Not hard money terms at all, usually more like 20 year am with 5 years fixed and 4-5% interest. Hard money is short term debt at 8-12% interest and a few points.

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