All Forum Posts by: Tara Daniels

@Peter Fennig

Hi Peter, being self-employed is not an issue for us.  We would be able to finance your construction costs for you.  I just sent you a PM, feel free to give me a call anytime.  

@Kevin Armagno

No problem Kevin, happy to help.  What I like to do with my borrowers is to have them pre-approved and have financing already in place for them so that when they do find their property and are going under contract, everything is able to move very quickly.  I always recommend that investors have their financing in place already so that there is nothing slowing them down or stopping them from closing on their next deal!

@Michael Fasano

Hey Michael, 

I would love to help out and answer any questions you have.  I just sent you a PM with a little more info, lets chat soon.  Please feel free to reach out at any time.  

First Equity Funding is a hard money lender based out of Florida. We lend nationwide! We lend on fix & flips, new construction, commercial deals and other investment real estate. We finance new purchases and cash out refinances.

• Lending up to 90% of the purchase price
• Lending 100% of renovation costs
• Rates at low as 8% for flips & rental properties
• Interest only payments with no pre-payment penalty
• Loan amounts $80,000 - $5,000,000+
• Fast closings and simple documentation
• Minimum FICO: 600

Contact: Tara at 856-340-9127 or td[email protected]

First Equity Funding is a hard money lender based out of Florida. We lend nationwide! We lend on fix & flips, new construction, commercial deals and other investment real estate. We finance new purchases and cash out refinances.

• Lending up to 90% of the purchase price
• Lending 100% of renovation costs
• Rates at low as 8% for flips & rental properties
• Interest only payments with no pre-payment penalty
• Loan amounts $80,000 - $5,000,000+
• Fast closings and simple documentation
• Minimum FICO: 600

Contact: Tara at 856-340-9127 or td[email protected]

@Kevin Armagno

Hey Kevin, 

If you use private or hard money, the first thing to understand is that every lender is different. Typically though, you will be loan term of 6-36 months with an interest rate anywhere between 7%-18% and anywhere between 1-6 points at closing, though most commonly 2-4 points.  

The more experience you have, the better terms you will get.  Any experience within the past few years will also help in terms of you getting better terms, so will having a good credit score.  

Please feel free to reach out with any questions. 

@Quintin Gulley Jr

Hard Money Lenders only end to LLC's (or S Corps) to be in compliance of Dodd-Frank requirements.

An LLC is a limited liability company which allows for the member(s) of the company to not be personally liable for the companies debts/liabilities. It's the least complex business structure and it gives you limited liability for business debts and obligations. You can go to your states site to form one, it typically doesn't take much time, you can do it online and the cost is a couple of hundred dollars usually.

Please reach out if you have any questions.

@Maurice Webb

Hey Maurice,

If you have any questions about Hard Money Lending or acquiring financing for a property, please feel free to give me a call, or shoot me an email anytime.  I'd be happy to help in anyway I can! Continue educating yourself as much as you can, as I've been taught since I can remember "the lack of knowledge will always cost you money". 

@Samuel Dias

Hey Samuel, I think we'd be able to help you out.  Can you please shoot me a pm or give me a call/email? There are a couple of different ways that we can make this work for you!

@Andrew Commins Absolutely. Also try to leverage Facebook, Meetup.com, and BiggerPockets forums in your area to see where others are going or where they’d like to meet for your meetup! Please feel free to reach out any time.