Hard money loan that can be wrapped in owner finance

[Joe Padilla]

I'm looking for a hard money lender with a 20 to 30 year amortisation that will allow the loan to be wrapped in an owner finance.

[David M.]

@Joe Padilla

You probably need to speak with a hard money lender...  Hard money loans are by definition short term, ~6 months, and owner non-occupied.  So, the property is supposed to be vacant.

Its common to get hte hml, renovate, and refi into a conventional loan.  So, you your exit strategy, assuming its a hold, needs to be qualified before you even buy.

If you are using a LLC to hold Title, then you won't be eligible for a conforming residential loan. Then you will have to obtain commercial financing. Is this where you are going with asking for a 20yr to 30yr amortization? There are some commercial lenders who will do that.

Give us some more info and we can give you some better advice.