All Forum Posts by: Matt Hiley

Good afternoon BP! 

Just wanted to take a moment to introduce myself and my company Riverbend Lending. I am Matt Hiley and I am a private lender with Riverbend Lending, we are a National Private Lender but I focus on the Mid Atlantic and East Coast mostly,  and I am looking to connect with any Multifamily Value-Add investors in the Philadelphia, PA market. We have very competitive rates and can close quickly, so I am hoping to connect with some of you that use private money loans to grow your multifamily business and see how I can be a resource to you. Please shoot me a message to connect and say hello. We also do fix and flip lending and new construction/development loans as well as bridge loans for acquisition. I am here to be a resource to anyone looking to find a capital partner and hoping to earn your business! 

Thanks, 

Matt

Just wanted to connect with some local house flippers in the DC / MD / NOVA area and see what networking groups you guys are attending locally? Is there a local BP meet-up or group? Would there be any interest in starting a local lunch meet-up or breakfast group? I know there are a lot of options for networking and connecting with other investors but I wanted to get the BP community's input on what they are attending. 

Jacob... send me a message and we can connect to discuss the deal. 

BP... If you are looking for a realtor to partner with to help your real estate investing business that knows how to analyze a deal and also able to connect you to financing partners (I am also a hard money lender and well connected to many other local lenders). I want to be your go to, one stop shop for helping you find deals, make offers, secure financing, help advise you on what rehab you will need to do to achieve the ARV you are looking to achieve, and list and market your home for sale to try to get top dollar and have a smooth settlement. If you are interested in working together please feel free to call me directly at 704-488-2933 (yes this is not a Baltimore number, I lived in Charlotte, NC for 4 years, but from born and raised in MD and currently live in Catonsville, MD, and haven't changed my number back to a local number because too many contacts have it now).

Ruth,

I can definitely help. Send me an email with some details on the deal and I can work up some terms for you. [email protected]. I look forward to working together. 

Matt

Good Afternoon BP! 

I wanted to send out a quick message because Temple View Capital is running an end of year promotion with the lowest rates we have offered to date. We not only are offering low rates but we are also able to advance draws to our borrowers rather than the borrowers having to self fund the rehab and wait for reimbursement. We are able to lend up to 75% ARV with interest payments rolled into the loan and can potentially offer 90% LTV with the right experience. If you are currently working on a deal and would like to find out terms please email me directly at [email protected]. I would love to be a resource to your flipping business and look forward to working with many of you!

Thanks and best of luck with your success in real estate investing... I hope I can help you achieve the goals you set out to hit!

-Matt

704-488-2933

[email protected]

Jose, 

Hope you are doing well and hope I can be a resource to you. I am a hard money lender and have worked with several borrowers in SC from Myrtle Beach to Columbia, SC. This is not a pitch to use me but I wanted to try to explain a hard money loan to you. Hard Money is a loan that is based on the value of a hard asset (the property) rather than the deciding factor being your credit and income. That doesn't mean that credit doesn't come into play with some lenders, but unlike a traditional mortgage they don't qualify you solely based on credit score, debt and income. Most lenders will want to know about the numbers of the deal (purchase price, renovation budget, after repair value) and some will want to know experience (newbie doesn't mean you can't use hard money but it may impact the terms you are quoted). The idea is that the loan is usually based upon the value of the property and some lenders will only lend up to a certain percentage of ARV (typically 60-75% of ARV which included purchase price and renovation). You typically will need some money as a down payment or skin in the game (typically somewhere between 10-20% of purchase price but this may vary. As far as renovations are concerned you provide the renovation budget in the form of a draw schedule and most lenders will require you to fund each draw and then get reimbursed when the work is completed and inspected. The point I am trying to make on that is that you will probably need to have some cash/credit available to make that happen so plan accordingly. If you have any more questions about hard money please feel free to post those questions, I am sure there are PLENTY of lenders who will gladly answer questions including myself. Hope this helps!

Matt

What does Advance draw system mean to you?

For many investors liquidity is crucial to scale their business and be able to do more projects at once. Here at Temple View Capital we want to help our borrowers achieve their goals and one way we do this is by advancing draws instead of having our borrowers self fund each portion of their draws until the work is complete and wait to be reimbursed. The impact this has on the borrower can really change their business for the better, and can allow them to carry less debt throughout the project minimizing the affect that can have on their credit. If you would like to find out more about working with Temple View Capital and get terms on a deal you are working on please reach out to me at 704-488-2933 or by email at [email protected]!

Hello BiggerPockets members, 

My name is Matthew Hiley, and I am a loan originator with Walnut Street Finance. I am looking to connect with investors who are currently looking for funding on deals in MD, DC, VA, PA, DE, NC, SC, GA, TX, CT, NY, NJ, OH, FL and open to other markets with the right investors. We are able to lend up to 75% ARV on fix and flip loans and 70% LTV on New Construction loans. We can roll closing costs, points, and interest payments into the loan so that you are not paying those out of pocket upfront. If you have a property under contract and are trying to secure funding please feel free to give me a call at 704-488-2933 or send me an email to [email protected]. I look forward to connecting with some new borrowers and hopefully being able to be a resource to your business!

-Matt

704-488-2933

[email protected]

www.walnutstreetfinance.com 

Walnut Street Finance is a hard money lender based in Fairfax, VA. We are currently looking to add a loan originator to help grow our sales team. The right candidate will have Real Estate or Mortgage industry experience and a proven sales track record. If you have the right attitude and drive to self generate leads then this opportunity could be a great fit. This is a very customer service oriented job so customer facing experience and good communication is crucial to your success in this role. For more information or to apply for this position please reach out to [email protected].