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Updated over 8 years ago,
Soft Money or Full Doc Private Lending
Hi,
Does anyone have suggestions for a company or individual that does soft money lending or full doc non-conforming renovation loans at reasonable rates at 6-8%? I'm a borrower with an excellent credit profile above 810, sufficient assets, documentable income, and experience and I don't feel the need to pay crazy hard money rates of 10-12% + 2-4pts. I'm typically obtaining 5% 0 points on conventional renovation financing, only now I need to close in two weeks.