looking for lender that lends based on ARV

[William Straface]

I am about to put in an $150k offer for a property that needs about $30k in repairs. This property will appraise for $275k. If I get 70% ARV, this will work. Any feedback is appreciated. Stay safe and healthy everyone!

[Eric Johnson]

Do you understand where capital markets are right now? If you do, you will know what the likelihood of getting a 70% ARV product is...

There is severe illiquidity in the market and all vendors are seeing a 5-10% cut in LTV's / LTC's across the board. Is this your first deal or have you done 3 or more in the past 3 years? If so, 90% of shops are not lending to first timers and taking on inexperience risk and market cycle risk in one go. If you're a private lender that's a masterclass on how to go out of business fast. Overleveraging newer investors in a vulnerable and unstable capital markets environment!