70% ARV Financing?

[Christian Sidaros]

Hi everyone, I've flipped 4 houses in the last couple of years and now I'm looking for a new lender to work with. My current hard money lender has been good however the extra costs on top of the down payment have been getting ridiculous. Ideally I'd love to find a lender who would lend based on ARV instead of LTC. I have a deal under contract with fantastic numbers whereas if I can find a lender that lends based on ARV it would limit my out of pocket costs and give me the ability to go out and do more deals. Has anyone found a lender like this? Do they even still exist? Thanks!

[Jesse Holsapple]

They do not exist that I'm aware of, if it's a purchase - expect LTC.