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Updated almost 7 years ago on . Most recent reply

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91
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Daniel Rutledge
  • Anderson, SC
40
Votes |
91
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Is it hard money or no money at all?

Daniel Rutledge
  • Anderson, SC
Posted
Hi all. I have a property under contract and am using hard money. I will be spending about 10k in repairs for what looks like a great cash flowing property. Instead of using my own capital I began looking for a private lender to fund the rehab. I want to take on a 3 year note and am willing to offer an apr of 15% for a fixed rate. I have a few friends and family interested but cant seem to find a private lender outside of that. Are there people or companies out there willing to lend unsecured money this way outside of Lending Club, Prosper and so forth?

Most Popular Reply

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1,083
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David Weintraub
  • Lender
  • Berkeley, CA
548
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1,083
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David Weintraub
  • Lender
  • Berkeley, CA
Replied

Check out Carolina Lending

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