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Updated over 4 years ago on . Most recent reply
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How do you find hard money lenders
just curious how you all go about finding someone to fill that role for you...
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Call them & Ask lots of questions!
There is some listed here on Bigger Pockets, or search forums to see what name gets dropped often as reference. Connected Investors also has a list of local HML. Depending on what kind of funds you need, for what, and what terms you want- it is not a one size fits all and they vary a lot so I have discovered. I made a spreadsheet with all my questions about terms: qualifying rules, interest rates, %LTV, %LTC, loan term, can you extend term, draws, draw fees, closing fees, if appraisal needed, time-frame to fund, general contractor needed etc...
Many were similar terms, but a few stood out when I went down my list & filled in all these and other answers from them.