Hard Money Questions

[Timothy Johnson]

Ok BP, so I wanna reach out to a few hard money lenders to have my money in place once I start getting properties. But want to make sure I was asking the right questions when vetting the HML. So far here are the questions I have come up with.

1. What are your requirements

2. How much do they lend (full ARV or a %)

3. What are your interest rates and do you have any points

4. If I go over the rehab timeline, how much additional would that be

5. Once approved, when would funds be available and would it be full agreed amt.

If I'm missing any additional questions (which I'm sure I am) PLEASE let me know!

Thanks!