Hard Money Lender Packet

[David Prince]

I’m looking for samples of any deal packets you submit to hard money lenders. What stats do you include (aside from the obvious rehab budget, holding cost, acq cost and sale/rental returns).

I assume a quick overview of past project would be helpful. Anything else?

I have a deal I want to submit to a multiple hard money lenders to get the best rates. Would love to hear what has worked for you.

[Mark Safrin]

Consider asking a couple for their application forms. That should give you the info they required. The chances are that you will still need to fill out the forms of whoever you end up borrowing from.

Include, in no particular order:

- Current credit score

- List of properties you have previously rehabbed, flipped etc...

- Building type/units/use

- Purchase cost.

- As-is value estimation

- ARV estimation.

- Scope of work

- Exit plan.