Hard money lender need

[Aaron Ross]

Can anyone recommend a good hard money lender? I have an auction due in 4 days I just learned about and need some financing options.

Thank You,

Aaron Ross

[Jonathan Anderson]

Hello Aaron if you are looking for a hard money lender what you can do is search on google. Type in Hard Money Lender [your city] and you should get quite a few results. Look for Hard money lenders and not hard money brokers. brokers will try to make alot more money off of you. What you want to be looking for are companies that have names like Weber Lending or Midtown Mortgage and so on. Here are some tips to determine whether you are dealing with a broker and should move on.

1. They advertise giving loans in all 50 states (broker)
2. email ends with @gmail.com @yahoo.com (Broker) * a real company will have a real email
3.Advertise loans from $10,000-$100,000,000 (Broker)
4. If they request upfront money for items like application fees, credit reports etc. (broker)

When you call the Hard money lenders that you find online make sure you ask them alot of questions so you can see if they are the best fit for you. What I usually ask are these:

1.What is the interest rate?
2. How many points do they charge?
3. what is the LTV they lend at?
4. Do they lend on repairs?
5.How quickly can they close?
6. Does they company charge additional fees?
7. How many deals do I have to do before I can get their best rates?


I hope this helps