DoHardMoney.com / other hard money lenders.

[Darren Nardo]

I’m looking into hard money lending companies, also working on building relationships with possible future investors or lenders. I came across DoHardMoney.com and am qualified for a loan. I talked to them and they said after the deal when it’s time to pay back; the only way they make money is from interest and points solely. So what I am asking is what is a typical average rate that would make sense on a deal. And what rates and points should I watch out for as a big NO! Thank you!

[Jay Hinrichs]

there is a publication called Scottsman guide.. this will list a lot of the top lenders.

keep in mind HML want to see some experience and skin in the game to get decent rates. DHM from what they say will give you a lot of leverage although from what others have posted about rates they are the very highest in the industry and for sure if they are going to risk begineers with little to no money into the deals that's what they can command.

they also charge 3k for their study guides which used to be mandatory but from what we are hearing on BP its now optional.. 

here are some regional lenders that are for real.

lendinghome

visio

Conventus

Lima one

Lending one

and then you will have local lenders I like to go local when I can but I have done business with all but lending one .. and they all have their pluses and minuses..