Questions for Hard Money Lenders

[Michael Williams]

I've met with a commercial lender the other day and he recommended I receive a hard money loan as a down payment for purchasing my first commercial multifamily property in Sacramento, Ca. What are the best terms and rates I should request when I speak to a hard money lender? How can I successfully receive a hard money loan in the next 1-3 months?

[Josh Caldwell]

Well it takes less than a week to receive a hard money loan, even when the underwriters are overwhelmed, so getting a loan in a few months isnt a challenge. As for the terms, check your inbox 

[Account Closed]

@Michael Williams I believe what you meant is private money lenders. Hard money loans are not for down payment. Hard money is to finance the whole project when people is hard to qualify borrowing money from regular banks. Private money loans are based on the deal and personal relationship which can be used for down payment.