Best Hard Money Rates

[Account Closed]

Most of the ads seem to say most HMLs will lend 65% to 70% LTV for rehab projects; but in reality, most of the quotes seem to be in the 35% to 40% LTV range. They often mention only funding 80% of both purchase and rehab cost upto 65% LTV and require the 20% down at closing. Rates of anywhere from 12% to 15% and additional 3 to 5 points.

Are you guys also getting similar rates or are there better rates out there? Either from national HMLs, local HMLs in your area or in Florida?

Heard or aware of HMLs that typically finance 100% of both purchase and rehab cost?