Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 months ago, 11/06/2024
Hard money and or private money loans
Does anyone have a sample HML or PML form that you have used that you can share?
Quote from @Cynthia Leite:
Does anyone have a sample HML or PML form that you have used that you can share?
check out geraci - they have tons of forms.
- Chris Seveney
Are you trying to put together a borrower's package for potential lenders?
Quote from @Cynthia Leite:
Does anyone have a sample HML or PML form that you have used that you can share?
Quote from @Jonathan Chan:
Are you trying to put together a borrower's package for potential lenders?
Yes, that's what I am trying to do!
Quote from @Patricia Anne Cawood:
Quote from @Cynthia Leite:
Does anyone have a sample HML or PML form that you have used that you can share?
Quote from @Cynthia Leite:
Quote from @Jonathan Chan:
Are you trying to put together a borrower's package for potential lenders?
Yes, that's what I am trying to do!
Typically what we look for in a borrower is someone who has a good track record, (at least 5 in the past year) along with purchase HUDS, statement of work as well as sale HUDS. We want to make sure you're profiting off these projects. Then we'll look at credit and background checks to make sure you don't have a history of fraud. Once we've gone through that, we'll start looking at live deals and borrower packages. A complete pitch deck will include:
We'll evaluate some live deals to make sure that your assumptions and ARVs are in line with what our underwriter says. If that all checks out, we'll start working with you as a borrower. During our first deal we'll look at communication and regular updates. If communication is poor and/or we're not receiving regular updates with pictures and/or videos, we won't fund anymore projects. Hope that helps!
Quote from @Cynthia Leite:
Quote from @Patricia Anne Cawood:
Quote from @Cynthia Leite:
Does anyone have a sample HML or PML form that you have used that you can share?
we can exchange message here, send us a DM. Thank you!