Below is a promo flyer I received from them; again not enough reviews to move forward confidently with this lender.

Hi all,I'm a new landlord in North Hollywood, and I'm having an issue with a tenant who has missed 4 months of rent payment and doesn't want to move out.In late 2023, she applied for the ULA Emergency Rental Assistance Program, and I've just received an email notification from the LA City housing department that the payment is processed and will arrive in the next few days.

I charge a fixed $75 late fee if rent isn’t received by the 15th.

Commercial loans are typically shorter terms with a balloon payment at the end of the term and are more strict regarding the cash flow and investor/owner finances/assets. 

@Ruth S.If you are the borrower typically your private money lender drafts the agreementsThe docs we use are standard except for the security instrument as that changes by state as some states are deed of trust and others are mortgages

But remember bank appraisals are still typically low, so you probably have some wiggle room there.Can you add more equity into the property by fixing it up, or adding amenities that it does not already have?

I've always thought investing via HELOCs were risky, and now only more so as the rates are typically adjustable and would not be very high. 

@Mike MutabaziHi being a hard money lender myself typically your fico score and experience will play a big role.

One question I now have is the following: do states typically allow you a Schedule to deduct expenses like maintenance and repair, or is that just a federal thing? 

Lowest down payment requirements, typically only need to occupy for 6 months, can take cash out like any other property and effectively "BRRR" minus the rehab.