Hard Money Lenders

Comments(6)

• 
  Stockpro993rd March, 2004

  look at the lenders tab on this site.

• 
  classimg3rd March, 2004

  Hard money lenders should be your LAST resort after exhausting the creative methods.
  
  Eric & Rosa
  [addsig]

• 
  classimg3rd March, 2004

  Hard money lenders should be your LAST resort after exhausting the creative methods.
  
  Eric & Rosa
  [addsig]

• 
  active_re_investor9th March, 2004

  Hard money lenders can move fast, are conservative with valuations (65% LTV would be the max is not above the max) and are expensive.
  
  If you have a great deal and really have to move quickly they are effectively your partner with a secured position.
  
  John

• 
  tinman17559th March, 2004

  Quote:
  On 2004-03-03 19:16, garrettnichols1 wrote:
  I am a new investor and would appreciate any information that anyone has about hard money lenders. ie rate terms time frame and any thing else about hard money lenders
  
  
  
  Most HML in my area charge 10points with a 15% interest rate. The terms vary with the property, most are interest only and have a ballon payment.
  
  Check with your local REI Meeting. They are probably the best at answering your questions for your area.
  
  
  Lori
  [addsig]

• 
  active_re_investor9th March, 2004

  Quote:
  On 2004-03-09 12:36, tinman1755 wrote:
  Most HML in my area charge 10points with a 15% interest rate. The terms vary with the property, most are interest only and have a ballon payment.
  
  Lori
  
  
  
  Rates and terms definitely vary by region. A HML at the last investor meeting I attended in the Portland OR area offers loans at 15% and 3 points.