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Updated over 7 years ago,
Small Hard Money Loan in Northern California
I am looking for a small hard money loan - about 25k. I have been an active investor for about ten years, mostly buy and hold rentals, and have used a variety of financing. Many of my deals have been from a retired HML who seller financed . Several of my places were purchased for all cash outright. I have a good track record with these lenders and a decent credit score.
I hadn't planned on acquiring another property just yet, but was 'visiting' with tenants at a place that I bought and rehabbed two years ago and noticed a fsbo sign in the window of the house next door. Very similar house to the one I was visiting, cookie cutter neighborhood.
I have some cash to put into the house to make the LTV work, but was also considering taking equity out of a house a few blocks away that I own free and clear.
Suggestions? References to a HML? Thanks in Advance.