Hard Money Lender Sourcing Tips

[Hamza F.]

Hello,

My partner and I are about to acquire a small MF (2-4 units) in AL and are looking for private money lenders who can provide a fixed-rate loan (either to us personally or to an LLC). What would be the best way to go about getting quotes (have not taken a private loan/HML before), is obtaining a debt broker usually the best option? The Property is stabilized/tenants are on formal leases and we are looking for LTVs at 80% or higher.

Additionally, if there is a forum on BP that I can post to get connected to private lenders, do let me know (and apologies if this is the wrong forum to be doing so).

Thanks,