General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply

Private Lender Backed Out Last Minute COVID-19
2 Days before closing on my rehab, my private lender pulled the plug on the funding for fear of the uncertainty we're facing with the market and the virus. He was getting great rates with 2Points origination and 15% interest but no fee's to pull draws. He is the only person I've used on funds so now I have to try to find a legitimate Hard Money Lender hopefully directly so I'm not paying a broker here in Massachusetts.
With that said, I'm seeing a lot of Hard Money Lenders are backing out of deals, not just my private guy. Who else is dealing with this and what are you doing to combat it?