Evaluating Cost of Capital - What's A Deal Breaker

[LaMancha Sims]

What do you look for in a Private/ Hard Money lender when you are considering your cost of capital? 

[LaMancha Sims]

Quote from @Account Closed:

Quote from @LaMancha Sims:

What do you look for in a Private/ Hard Money lender when you are considering your cost of capital? 

Ability to fund without delay. Someone who does what he says he will do. Someone who bases the loan on ARV, not purchase (I always buy offmarket and below ARV). 1 point is acceptable, no prepayment, and one who I can do repeat business with.

Mike,

Thank you for your insight...