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Updated about 9 years ago, 11/06/2015
What do Hard Money Lenders need to see
Hello
I am trying to get approved for a hard money loan. I want to create a great presentation for the subject property. I know they want to see the pro forma for the property, but what else? This will be my first deal and I want my property report to look as attractive as possible however I don't know what other investors submit to their HMLs for review.
Also if someone could link me to good pro forma report so I can create my own.
Also in terms of rehab. Do I need to break everything down by room? How many pieces of sheet rock, how many feet of wire, how many gallons of paint, etc.
Thank you