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Updated over 9 years ago on . Most recent reply

User Stats

30
Posts
2
Votes
Gerald Gatyas
  • Investor-Strategy Consultant
  • Forked River, NJ
2
Votes |
30
Posts

Hard money financing for a Flip in NJ

Gerald Gatyas
  • Investor-Strategy Consultant
  • Forked River, NJ
Posted

I'm considering going threw a hard money lender. Questions I have is I know hard money has a higher intrest rate but also allows you to get in and get things started. Does 100% on rehab and purchase still exists with hard money? Or even 90% ltv with 100% rehab cost at 65% ARV ?

Thank you 

Most Popular Reply

User Stats

16
Posts
5
Votes
Chris McNair
  • Investor
  • Smyrna, DE
5
Votes |
16
Posts
Chris McNair
  • Investor
  • Smyrna, DE
Replied

yes contact @sean ritchway he is on bigger pockets he had a offer out to me for

90%pp

100%rehab

12%i/o

4pts

For 12 months with me paying closing cost and points upfront .

Tell him chris mcnair reccomended you talk with him .. he was actually one of the first to reach out to me to make my deal happen but someone else already had it under contract before i could land a lender

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