What should you bring to a hard money lender

[Terek Henley]

What should I bring to a hard money lender in order to close a deal? I know most of the main things like ARV, comps, and scope of work. Does anybody have an example they could share? Or possibly a template that you go off of? Also what tools should I be utilizing that bigger pockets has to offer with the pro membership that that would help me with this.

[Scott E.]

This forum is all about helping each other out, but you really should be calling hard money lenders with this question vs posting in here in the forum.

I have several hard money and private equity lenders I use on my deals, and each one of them has different requests and requirements. They also all have different terms (rate, points, balloon, appraisal vs no appraisal, etc)

Of course you will need to offer some sort of a business plan showing purchase price, detailed remodel estimate, and projected resale value with comps. But beyond that, each HML will have different requirements.