Hard money lenders in Madison or southern Wisconsin??

[Luke Aubut]

Can anyone recommend a hard money lender for a first time flipper/investor in Madison?

I found what appears to be a fantastic fix n flip opportunity that, at least at first sight, outperforms the 70% rule. I’m going to check it out tomorrow with my agent and also trying to get our GC in there with us for an estimate of rehab. My agent indicated that a pre-qual needs to be submitted with an offer.

Fairly certain that hard money is my best (if not only) play for this deal, taking into considering my income, cash on hand, and the opportunity to close fast. In addition to needing a pre-qual, I want to familiarize myself with a hard money lenders' requirements and processes, so I can jump when I need to, now or in the future.

Does anyone have any recommendations?

How should I approach a hard money lender? My first instinct would be to take them the deal and explain the calculations, yes or no?

Not “testing the waters”, I am actively looking for a hard money lender to get started. I’m a newbie and I genuinely want to explore and understand hard money options, so I can set up my financing and get going.

Please ask any questions, if that will help with my situation. Thank you in advance!