Updated almost 2 years ago on . Most recent reply

Looking for hard money lender
Hello, BP fam, I am currently looking for a private money lender or hard money that will lend some capital either toward down payment or entire purchase price.
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Here is how most will work:
- Rates: 10% to 14% (Most Deals are 12%)
- Terms: 1 Day - 24 Months (Most Deals are 6 months)
- Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee
- Minimum Loan Amount: $75,000
- Max Loan: 65-70% of After Repair Value(ARV)
- 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)
- Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)
- NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.