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Updated almost 3 years ago,
BRRRR Financing in Charleston, SC
So I'm new to the Charleston area and I'm looking into a property on the MLS that needs A LOT of interior updating work. I'm a GC so I intend to live in renovate the property myself.
A hard money lender reached out to me via email and says he'd be willing to finance my project at 5%. Seems too good to be true...the fee he's charging is $2500. My issue is, he doesn't have any website or Facebook so I'm not sure if I want to go with this person.
My credit is around a 650 and I haven't lived in the area long enough yet so I'd like to try to not have my credit run because I don't think I'll get approved and I'll just hurt my credit when it gets checked.
Does anyone know where I could find a hard Money lender in my area for my first Charleston investment?
Any and all advice is greatly appreciated!! Thank you.
Kyle