Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

38
Posts
9
Votes
Neil Hohmann
  • Rental Property Investor
  • United States
9
Votes |
38
Posts

Seeking hard money lender for cash offer in Denver

Neil Hohmann
  • Rental Property Investor
  • United States
Posted

My wife and I are currently searching for a hard money lender in order to make a $650,00 cash offer on a fourplex in Denver. 

We have approximately $500,000 in equity in 3 rental properties ($300,000 in 2 condos in Denver & $200,000 in a SFR in D.C.). Great credit score (mid 800s) and a solid W2. We want to offer cash to make our offer stand out and allow for a fast closing. We're able to pull together the 25% down, but it may take a few weeks or a month for the processing of a HELOC, etc. We also have an additional $85,000 in Roth IRA contributions we can use.

Can anyone point us towards some leads? Anything we should consider before going forward? (Will it be hard to refi in a year?) This would be our first hard-money experience. Thank you in advance!

Loading replies...