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Updated over 8 years ago,
NY Private/Hard Money options with multiple smaller amounts
Hi everyone. So I have been starting to expand my speed of investing in the upstate New York area and have found that I can severely lowballing properties that need some work and am getting a lot excepted. The only issue is that most hard money lenders I talk to won't fund a house for less than 100k. I have 5 flips currently in the 40 - 60k + 10 to 20k rehab where the numbers are fantastic and am curious if anyone out there knows of a lender willing to do multiple smaller properties at once in a blanket loan or is able to fund flips at the 50k price point? This would be for first lien position obviously.
Anyone have any idea of who would fund smaller projects or better yet fund multiple properties in one larger loan in New York State?