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Updated almost 14 years ago,

David D.'s profile image
David D.'s profile image
David D.
  • Member since Jul 10, 2010
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56
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11
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David D.'s profile image
David D.'s profile image
David D.
  • Member since Jul 10, 2010
Connect
David D.
11
Votes |
56
Posts
Private Lending & Conventional Mortgage Advice

Hard Money 60% ARV

David D.
Posted

When a hard money lender says they lend 60% of the ARV but want to see 20% down payment, what does that mean exactly?
Does that mean they want to see the borrower come in with 20% of the purchase price as a down payment, then the borrower also has to come up with the rehab costs?

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