Hard money lenders for buy and hold?

[Jason Gordon]

I have a landlord in Wichita Ks with health problems looking to sell his 9 duplexes. Looking for a hard money or other creative funding for a buy and hold. Any suggestions?

[Andrew Postell]

@Jason Gordon one of the main concepts to hard money is that it is not a long term solution. There are some out there that will modify or refinance their HML into a 20 year fixed rate but that rate will be significantly higher than market rate. Usually when I hear "creative financing" it means that someone wants as little out of pocket as possible. Hard Money Lenders can provide that type of a service and there are some local/community banks that will likely have those types of loans too. Most will require at least 10% down if this is your first time working with them though. If you are needing a lender local to Wichita then please post this in the Kansas forum. Good luck!