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User Stats

5
Posts
1
Votes
Carter Sanders
1
Votes |
5
Posts

Finding a GOOD Hard Money Lender

Carter Sanders
Posted

Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!

User Stats

279
Posts
100
Votes
Jason Taken
Lender
  • Lender
  • Chicago, IL
100
Votes |
279
Posts
Jason Taken
Lender
  • Lender
  • Chicago, IL
Replied
Quote from @Carter Sanders:

Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!


 This is easily something we'd fund. Happy to jump on a call or you can scroll through our YouTube channel. Just google our company name (see signature) and Google should help you with the diligence. 

User Stats

32
Posts
13
Votes
Conor Deasy
  • Connecticut
13
Votes |
32
Posts
Conor Deasy
  • Connecticut
Replied

Hey @Carter Sanders, great to hear you got the SOW and the team ready to go on this. 

From Skytree Investments we can certainly finance the deal for you. Sending you a DM for a super fast quote on our terms/rate. Thanks in advance

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User Stats

5
Posts
1
Votes
Carter Sanders
1
Votes |
5
Posts
Carter Sanders
Replied
Quote from @Jason Taken:
Quote from @Carter Sanders:

Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!


 This is easily something we'd fund. Happy to jump on a call or you can scroll through our YouTube channel. Just google our company name (see signature) and Google should help you with the diligence. 


 Thanks for your reply. I will check out your channel!

User Stats

5
Posts
1
Votes
Carter Sanders
1
Votes |
5
Posts
Carter Sanders
Replied
Quote from @Conor Deasy:

Hey @Carter Sanders, great to hear you got the SOW and the team ready to go on this. 

From Skytree Investments we can certainly finance the deal for you. Sending you a DM for a super fast quote on our terms/rate. Thanks in advance


 Thank you.

User Stats

3,558
Posts
1,102
Votes
Erik Estrada
Lender
  • Lender
1,102
Votes |
3,558
Posts
Erik Estrada
Lender
  • Lender
Replied
Quote from @Carter Sanders:

Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!


Is this going to be a flip or a BRRRR?

User Stats

5
Posts
1
Votes
Carter Sanders
1
Votes |
5
Posts
Carter Sanders
Replied

This will be a BRRRR. I can make room for better rehab numbers, I was just shooting a bit higher to be safer rather than sorry.

User Stats

5
Posts
1
Votes
Carter Sanders
1
Votes |
5
Posts
Carter Sanders
Replied
Quote from @Erik Estrada:
Quote from @Carter Sanders:

Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!


Is this going to be a flip or a BRRRR?


 This will be a BRRRR. I can make room for better rehab numbers, I was just shooting a bit higher to be safer rather than sorry.