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All Forum Posts by: Ryan Davies

Ryan Davies has started 3 posts and replied 312 times.

Post: Hard Money Lender Options

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

Most work this way 

  • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Advice for Good Lenders in MD

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

Most work this way 

  • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Where to Find Brokers to Lend Out My Capital?

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

All we do is broker hard money nationwide. Feel free to reach out

Post: Sandy area agents or brokers

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

Can always hop on a call! Happy to help you in any way that I can.

Post: STR in Layton Utah potential arbitrage property

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

I'm local. There are some creative ways you can do this it just depends on how much you need.

Post: Hard Money Lenders

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

This is how majority of them work:

  • Rates: 9% to 13% (Most Deals are 11-12%)
  • Terms: up to 36 Months (Most Deals are 6-12 months)
  • Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
  • Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
  • Max Loan: 65%-70% of After Repair Value(ARV)
  • 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
  • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
  • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Post: Sandy area agents or brokers

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

I could meet 2-4PM MST during the week. 

Post: 16 unit 2x1 completely gutted in need of a purchase and renovation loan and thoughts

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

You need to get hard money on something like this. You will need skin in the game on the deal with liquid capital for sure.

Post: Cash Out Refi in Under 1 Year?

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

You can do it quickly with DSCR

Post: wholesaling contracts legal in Utah

Ryan DaviesPosted
  • Investor
  • Salt Lake City, UT
  • Posts 338
  • Votes 119

Go to local title companies that are owned by attorneys. I know a few and they can help with that.