I know a little about Hard Money Lending...Hard Money is money that is lent at a high interestrate (oh, 14% or so), does not take your credithistory into account, and only takes the conditionof the property into account.They can be closed quickly and are (obviously) forshort term (not more than 2 years I would hope).You do it as a bridge loan to tide you over whilewaiting for the property to sell, or to refinance,or something.

Those that do usually limit the loan to $500,000 or more so below that amount and your choices become very limited.Below $100,000 is almost impossible so if you have any offer at all you had best consider it and not burn any bridges as it might be your only offer....Small to medium sized local banks might consider the loan because they can basically do what they please but any national lender most likely will not.2) To understand certain definitions.

I have funded several hard money rehab and bridge loans in El Centro.

I am part of a team which is responsible for the construction management and design of several multi-million dollar bridge construction projects.

I know that in Wisconsin (that's where I live) it is illegal to "assign" a contract unless you are an agent, because of how our state defines brokering; For this reason I plan to do double closings, using "Bridge Loans" using either private, or hard money, to complete the transaction for the wholesaling scenario. 

and land transfer tax (1%-$250), and don't forget your utility hookups, etc that'll come to potentially a couple hundred depending on your utility billing history.Alternatively, you can find a KILLER deal, get a 100% funded private bridge loan and refinance with the bank either as-purchased or after some repairs to boost the appraisal.

Borrer has agreed to a 12 month bridge loan at 15% with 5 points up front.The return is sexy however I just don't know enough about Dodd Frank and 12 month bridge loans.

Purchase price: $165,000 Cash invested: $49,000 Sale price: $165,000 Purchased this 4-Plex for $165,000 using a Hard Money Bridge Loan which required 25% down .

Will cross that bridge when I get there.

this is a bridge loan for 12-36 months.