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Updated about 1 year ago on . Most recent reply

User Stats

52
Posts
15
Votes
Stewart VanValkenburg
  • Provo, UT
15
Votes |
52
Posts

Looking for a no appraisal fast hard money lender

Stewart VanValkenburg
  • Provo, UT
Posted

As I said in the title I'm looking for something fast. I want to take out the cash in a duplex I own free and clear in Binghamton NY. It's worth 120-140k. I could get a DSCR loan but I've got a time crunch on the opportunity to the tune of a 10k discount if I can get it under a week. Looking to pull 80-100k out. All the people I've talked to require an appraisal, which is the main time eater on getting the loan. So do you know of anyone who would do a hard money, dscr, or bridge loan on this property and be able to close by Mar 15? I know some people will use a BPO or just run their own comps, but none of the 60+ people I've called so far will do that.

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