All Forum Posts by: Kevin Whisler

Try to find a partner to bring in 20-25% of the deal, then get hard money for the rest of it. Hard money will finance 100% of construction and will be cheaper than most equity splits that you would do with a partner. 

 Private lender as in limited partner providing funds? Or are you looking for closer to hard money to finance fix and flip?

Congrats! Thats a sick deal. Any plans for the next one? 

Hey Nic, do you have any other RE that you could possible include in some type of portfolio loan to get above 20% and get a more favorable rate? I ask because you have mentioned having other RE debt. 

 Hey Rob, ill connect with you thank you!

True private money is a lot of times more expensive then alternative lending. True private money is going to cost 10-12% plus deal equity which often makes the true percentage 20-22% on your money vs alternative lending which will be around 12-14%.

Here to chat if you want some help comping a deal and putting one together. 

All of these peeps are right here. 

Hey everyone, hoping to meet some new construction and investor friendly agents in the greater Philadelphia region that have already represented that type of clientele. We're running into a handful of investors that need good representation.  

Hey Jack, I don't do traditional lending anymore only REI lending. But I was in traditional space for 3+ years, so I can refer you to some people that will take care of you. Feel free to send me a message

- Kev

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