Information on Hard money lenders

[Brian Rowles]

Hello, 

I am new to real estate investing, been doing a lot reading and watching video's and pod casts. I feel I am ready to jump in the game. I have been looking and researching hard money lenders just to find out there is a lot of lender who keep wanting to throw money my way (this makes me happy, I think) I am not sure what is a good deal in hard money lending. I have been offered 75% of the purchase price and 100% of the rehab, 80% of the ARV and 100% of the rehab but I have to have at least 15% of the loan and 3 months of payments in an account set aside for that deal, another one was $150,000.00 9.9% one time fee zero interest for up to 24 months on a revolving line of credit, and a few variations of these deals. I have excellent credit, not much debt besides my residence, not sure this matters, but it make me feel good :). lol

I am curious what hard money lenders y'all have used and what kind if deals are out there. 

I am looking for something like an 70%-80% of the arv at 12%-15% and no more than 3 points for 12 to 24 months interest only. 

Any input will be greatly appreciated. 

Brian