Update on my Quest for HML

[Bill P.]

This is a follow-up to a previous post

https://www.biggerpockets.com/forums/517/topics/247168-attention-all-private-lenders-or-hml-lenders

I received many offers from many people and a couple of institutions to work with me in finding the perfect lender for my needs. I finally chose Steve Snyder at fixflip100.com as he was, in my opinion, the best choice for me.

Everything went pretty smoothly between Steve and myself but there was a few hiccups that were caused by the lender. While Steve properly gave me a list of docs needed and I complied quickly; it seemed that the lender always needed "just one more doc". But after I got the stream of requests under control, we closed yesterday with the loan.

I highly recommend anyone that is looking for a HML with a property that is actually a profitable venture to contact him directly on BP or through his website.

My issues arose because I feel the lender isn't very proactive about notifications on knowing exactly all of the details along the way. Sometimes I felt as if they were making them up. But I persevered and we got the loan funded and that is the most important part. 

I hope this helps REIs that are looking for key man to work with in this area.

PS- I do not have any financial interest in this relationship as I never met him before my initial Nov 2015 discussions but I will use him again when the need arises.