All Forum Posts by: Anderson S.
Anderson S. has started 12 posts and replied 199 times.
Post: Transform Your Real Estate Projects with LendingExchange.io!
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
As a lender how do we get featured on here?
Post: Refinancing Conundrum - Don't Forget About This
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
You're right! I keep hearing by now and refinance later, the truth is much muddier.
Post: Purpose of HELOC
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
Quote from @Russell Brazil:
Tell them it's for hookers and blow, and they'll approve the relocation.
Tell them it's to invest the money, and they'll deny it.
That's not a joke, it's the truth.
Okay now this made me laugh LOL
Post: Hard Money Loan Questions...
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
Quote from @Carlos Quiros:
Hello-
New to hard money but not to rentals, I own 5 doors that I have funded myself but want to keep some reserves so looking into hard money for my next deal and will refinance into a conventional loan to keep the property.
Are these typical hard money terms or is this too much?
General terms:
80-90% LTV/ 100% LTC with a cap at 70% ARV
9mo note at 12.99% I/O
3pts Origination
$1k UW
$1k Legal
Additional costs - title, appraisal, property insurance (~$2k)
10% of renovation estimate as contingency due at closing.
Renovation funds issued on a reimbursement basis for work completed.
Looking for constructive feedback.
Thank you to all that contribute.
Did you get funded?
Post: Who is your favorite Hard Money lender to use?
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
Quote from @Jace Perry:
I am interested in trying other hard money lenders for SFR fix and flips. Who do you use and what type of terms have you seen recently?
Did you get funded?
Post: Hard money lenders for newbies!
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
I'd agree with a lot of the sentiment - use the "find a lender" feature and speak to a few that lend in your state.
Post: Hard money lenders
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
We lend (mostly) nationwide - but we do lend in Delaware.
Post: Hard money loans
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
I'm a direct lender, if you have the experience, let's talk.
Post: First Multi-family BRRRR Deal In Southern Orchards
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
Finding a good contractor is damn near impossible. Kudos on this!
Post: Hard Money Loan Questions...
- Lender
- Brooklyn, NY
- Posts 209
- Votes 50
Like someone else said earlier the terms of financing can vary significantly based on the lender, as well as the strength of the borrower or the specifics of the deal. This includes factors such as interest rates, loan-to-value ratios, and repayment schedules. If you would like to discuss the details further, I’d be happy to chat. Feel free to reach out to schedule a call.
We offer a range of flexible financing solutions and we lend nationwide, I'm sure we can meet a your real estate investment needs.