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All Forum Posts by: Ryan Davies

Ryan Davies has started 3 posts and replied 312 times.

Post: Rural Area commercial real estate financing

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

Everyone is staying away from office. If you are converting it to apartments or something that will make it easier.

Post: Hard Money Loan for Fix and Flip

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

Depends on the lender but its usually interest only for as long as you have the loan. 

  • 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: DMV - Hard money lender vetting/recommendations

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

Most hard money lenders are similar. This is how it usually is. 

  • 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: Looking for a nationwide hard money lending partner with a large network?

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

We would love to help you out. We love reviewing deals. Send us message or visit evergrowth.us Here is what our relationships do:

  • 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.

We have lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WV, WI, WY.

Post: 5 UNIT Purchase in NY, needs financing

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

We can help if you have 20% down 620+ credit.

Post: MULTI-FAMILY Financing Advice

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

Banks have different requirements. DSCR would be a great option once rents are stable.

Post: Why are agents going to EXP and REAL, is there really that good of money?

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

Agents chase shinny objects so thats why most move. I used to have a real estate team and I recruited people just by teaching them investing and providing leads.

Post: Hard Money Loan Recommendations?

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

We can help 

  • • 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.
  • We have lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WV, WI, WY.

Post: Hey! Im New!

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

Good Morning! I live in Utah. Happy to help in any way that I can.

Post: Rural TX 12 Unit MF Hard Money Lender Needed for Fix & Flip

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

We can help 

  • 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.