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Updated about 5 years ago on . Most recent reply

Looking for hard money quick
I have heard good and bad things about hard money. I have 3 townhomes locked up for 100k. I should get approved for a personal loan for this amount but I usually end up paying for multiple loans ... meaning fees. Any good lenders that can close within a week or 2 that give great rates?
Most Popular Reply

HMLs I know are at least 10%-11% minimum with 1-2 points. You are thinking more like private money rates. That takes relationships and networks to build. I don't think that's feasible to obtain in 2 weeks.
Honestly if a 10% HML loan kills the deal, its not a good enough deal.