@Peter Bowring- steer clear of that group and anything with marketing for "investors summit".  

Hard money is limited funds for short term financing.Private investors or private money from a local guy is not enough money.Banks have average loan terms at best and to get the best terms (30yr fixed) requires you to move heaven and earth.So whats left...The alternative non bank lending space private in the sense that its a private entity but not one person.Their loan offerings and loan approval criteria are more flexible than traditional sources and they are not limited to short term financing deals like a HML would be.On top of that I advise everyone to steer away from anyone asking for a fee upfront that is not justified after an LOI is signed for due diligence on the commercial side.If its on the residential investment side then their should not be a fee because its no major due diligence that needs to be done.All in all 30 yr fixed is available pm for details. 

Again, forgive me if you completely understand this, but I've said it many times on this forum before (and will probably repeat it again) - language is important (in the legal arena it's critical) and BP is a very large learning forum, so we must be careful not to instill any inaccurate or misguiding information that could steer somebody towards an erroneous perception.

Loan brokers ask for 1.5% and steer you only to banks that ask for another 1% so you lose 2.5% of your buying power with these hands in your pocket.

A lot of lender steer away from those tiny loans.

If the conversation steers that way then a choice needs to be made.

Ask him if he would be interested in buying and holding for a leaseback.If not, I am sure he can steer you in the right direction.

https://marker.medium.com/the-office-is-dead-16be89f25d01https://www.newgeography.com/content/006597-the-future-office-space-real-estate-markethttps://www.wsj.com/articles/investors-saw-office-buildings-as-safe-not-during-this-pandemic-11586260800 https://www.cnbc.com/2020/04/27/after-coronavirus-the-office-of-the-future-is-the-office-of-the-past.htmlSOOOOO… yeah… you might wanna steer clear of this debacle because the office space apocalypse is just starting and it will never, and I mean NEVER, recover.MULTIFMAILY: Who is paying rent?

Insaw your post on steering your journey anf wanted to reach out.

@cindy Truong   for your questions: MNR vicinity is good but all of Poughkeepsie is getting a boost right now so there’s opportunity all over (don’t get me wrong though, there are still some really bad areas you should steer clear of).