All Forum Posts by: Mary Ainsworth

I’m currently looking for recommendations on reliable hard money lenders and would greatly appreciate any insights you can provide. To ensure I’m as thorough as possible, I've listed below the criteria to narrow down options.

Thank you in advance for your help!

Property Address: New York City

Purchase Price: $1,300,000

Property Type: Townhouse condo

Number of Units: 3

Loan Type: 18 month fix n flip w/ early prepay (9months+)

Estimated FICO: 790 (mortgage, cars, cc’s. Nothing bad)

Renovation Budget: $1,000,000

After Repair Value (ARV: $3,300,000

Annual Property Taxes: $10,000

Annual Property Insurance: $6,000

Liquidity/Cash amounts to close: $250-$500k

Entity Name (LLC): n/a

Project experience: Multiple full gut reno alterations + full ground up developments with all permits/contracts/proof/site-walk-through available. Projects much more complex than this.

Project experience budget: $1m - $3m (just in reno)

My role on projects: General contractor

Credit notes: Never bankrupt, no foreclosures, nothing delinquent, no felony, US citizen, not a primary residence(investment), no judgments.

House notes: delivered vacant, standard acquisition, 3300 sqft, no sqft added, EXIT STRATEGY is to sell the units.

Thanks again!

Hi Joe,

I think I could do 85% of purchase funded, 100% of rehab funded, and 0 points/origination fees since it'd be your first deal with us and you're from bigger pockets. We'll just need to verify experience

Plus we're a direct lender! Let me know if you'd like more info

Phone: 619-599-6970

Email [email protected]

0 Votes

New York City, New York

Quote from @Murodjon Mirbabaev:

I'm looking for a lender in upstate NY, Hunter Catskill.

Hey Murodjon,

Just sent you a DM too, but reach out if you have more info or would like a quote!

I lend on fix & flips, long term rentals, and ground up construction projects all across New York. What type of project is it?

I should also mention we have a promotion for Bigger Pockets members - you pay 0 in origination fees/points for your first deal with us!

0 Votes

Hello!

I'm hoping to secure a fix & flip for my next deal and I'm looking out of state (specifically in Oklahoma). This will be my first time managing a renovation out of state so I wanted to find people who have done this successfully

Any advice you have would be super appreciated, thank you!

Some specific questions I have:

1. How did you find your contractor?

2. How did you verify the work was done proficiently?

3. What software did you use to manage the renovation? Or did someone else manage it for you?

4. How did you find the deal/who helped you walk through it?

5. Lessons learned/things to avoid

Thank you again

3 Votes

Quote from @Paola Astrid:

Have some cash on the side that would like to deploy on another property. I don't want to liquidate my stocks to buy it full cash and so I'm looking for a DSCR loan. Appreciate any tips as well!

Hi Paola,

I just sent you a DM as well but we can offer this! Plus we offer bigger pockets members ZERO points/origination fees for their first loan with us

let me know if you’d like more info

0 Votes

Pittsburgh, Pennsylvania

Hi Scott,

I’m a PML and lend all across Florida. I just sent you a DM too but we lend up to 85% LTC and waive the origination fee for your first deal with us

Let me know if you’d like more info!

0 Votes

Fort Lauderdale, Florida

Quote from @Robert McDonald:

New investor looking for PMLs in Arizona or will service Arizona for deals.

thank you

Hi Rob,
im a private money lender and lend on fix & flips and long term rentals. What percent did you want funded? Would like to know more

0 Votes

Quote from @Robert McDonald:

New investor looking for PMLs in Arizona or will service Arizona for deals.

thank you

Hi Rob,
im a private money lender and lend on fix & flips and long term rentals. What percent did you want funded? Would like to know more

0 Votes

Quote from @Morou Amidou:

Hi everyone ,

My name is Morou. I am a new investor. I am open to learn from anyone who is willing to help . I have couple deals on hands now.
After watching hundreds videos of bigger pockets, I think I am ready to take next steps. I am about to close my first deal in 3 weeks which is triplex. I am located in upstate New York. Thanks

Let’s work together

Hi Morou,

I just sent you a DM too but I'm a hard money lender and I can finance up to 90% of the purchase price for flips, plus 100% of the rehab cost

We also offer 0 origination fees for your first deal with us, and we close in 7-10 business days.

Let me know if you want more info, excited to see your first few deals come to fruition!

0 Votes

Albany, New York

Quote from @Eyal Goren:

We're looking for lenders who offer DSCR loans in DFW.

What's the best place to look for them? So far we only called banks that popped up on Google maps.

Hey Eyal,

I sent you a DM too but I do alot of DSCR loans in Texas. Plus we offer 0 points for your first deal with us. Texas is a great place too, the rent to price ratio is fairly strong. Our specs:

- 5.50-7.00% rate

- up to 80% financed

- close in 28 days

- no points for the first loan

Let me know if you want more info

0 Votes

Quote from @Eva Zino:

Hi everyone,

I'm exploring refinancing options for a property in the Cleveland, OH area and would love some recommendations.

Thanks a lot!

Hi Eva, I offer refinances in Ohio! I spend a lot of time in Cleveland too actually. I’ll send you a DM with more info, let me know if you’d like a quote or just have questions about the process :)

1 Vote

All Forum Posts by: Mary Ainsworth

Mary Ainsworth has started 29 posts and replied 218 times.

Post: Looking for a Hard Money Lender for 1.3m acquisition + 1m rehab (NYC)

Post: I'm looking for a lender in upstate NY, prefer Hunter, Catskill

Post: Any out of state flippers?

Post: Looking for lenders for a dscr loan around 150k in Pittsburgh PA

Post: Looking for Private/hard money lenders in FTL

Post: Looking for PML in Arizona

Post: Looking for PML in Arizona

Post: Looks for partner/ Hard money lender

Post: Recommended DSCR lenders in DFW?

Post: Recommendations for Refinance Companies in Cleveland, OH Area