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Updated 5 months ago on . Most recent reply
Reserve Funds Required For A Private/ Hard Money Loan
As a private lender, we use reserve funds as a way to gage whether or not someone is financially ready to take on a real estate investment. We use 10% of the loan as a rule of thumb.
Even though we can usually fund almost 100% of a flip, there are still many unforeseen issues that will arise.
We just don’t want a borrower to get in over their heads.
- Robert Bell
Avalon Capital, LLC
49 Reviews
5.0 stars