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Updated over 7 years ago on . Most recent reply

Account Closed
  • Lender
  • San Francisco, CA
10
Votes |
22
Posts

Hard Money in Ohio for out of state investor

Account Closed
  • Lender
  • San Francisco, CA
Posted

Hi team - 

I'm going into contract on my first property in Cincinnati Ohio, and wanted to see who you use to finance your deals out there. I work for LendingHome, which means I cannot get a loan from LH, and am in the process of finding another lender. There's a worst-case-scenario financing lined up at 15%/5pts, which is almost insulting, but they make it really easy to work with them. I'm looking at Lima One, LendingOne , etc - what do the locals use? 

$80k purchase
$65k rehab
$210 conservative ARV
First flip
750+ Fico
$25k in reserves

Any private lenders out there that want to know more, please message me. 

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