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Updated over 8 years ago,
Capital 360 Due Diligence and Hard Money Advice Request
Hi all,
I'm getting ready to fund a home I'm in negotiations on, to purchase for flipping. This will be the first time I have used hard money and I am in the process of doing my DD! I have met the folks at Capital 360 through BP, and was impressed by their terms (65% of ARV, 4.5 points and 13.9%) because it fit into my numbers for this project ($280k ARV, $140k purchase, $50k repair, $10k misc) and because they were very responsive.
Jon provided me with a pre-qual letter immediately and has answered all of my questions so far. I'm wondering if anyone has had any experience with them and what the outcome was. I'm also wondering if those terms sound right. Again, they fit into my numbers and THAT is a central tenet of my business model; If the numbers work first, most everything else will fall in line!
I love the BP community and look forward to the responses!!