yes this help a little. I see more lenders that are willing to lend on commercial rather than single. I may need to just jump into commercial.. seems easier to get finance!!!
YES there are many that are and very few who are not
As i said they are in the northwest part of the country in the state of Washington and are a private company
i was told that the 500.00 was to pay for there time looking in to the property the loan is secured by and to make sure that there truly is equity in the deal
As i said they got my loan in the escrow office in days
Have you tried Google or what every state agency regulates them for a directory?
You can also look at recorded mortgages and see who the lender is/was//
I tried google and having hard time finding hard money lenders that will lend in Mississippi.
Curious if you tried http://www.thecreativeinvestor.com/LenderFinder-index.html
I did but alof has not been updated since 2008
using the following as a Google search string seemed to get some hits..
hard money lender list + Mississippi
yes this help a little. I see more lenders that are willing to lend on commercial rather than single. I may need to just jump into commercial.. seems easier to get finance!!!
YES i think i can help here i just did some mortgage business with a company who lend s nationwide they say
They are called ALL SERVICES MORTGAGE they are a private company based in the northwest part of the country
The bad part is they have a small upfront fee of 500.00 but they got me my loan for 800 K on a property in Washington state
The terms were 30 year amortized at 6 % for 36 months
They had my loan in days not weeks is the big point for me!
They are all hard /private money
The only big part with them is that you must pay the 500.00 upfront fee and there has to be equity in the deal
Each deal is a bit differant they told me when i applyed with them as to how much equity needs to be in the deal
And i got the seller to take back a 2nd for the rest of the buy price of 1.2
[ Edited by northwest01 on Date 08/04/2009 ]
Where are they based out of? Why is there an upfront fee? I have heard they companies that charge upfront fees are generally ripoff??
YES there are many that are and very few who are not
As i said they are in the northwest part of the country in the state of Washington and are a private company
i was told that the 500.00 was to pay for there time looking in to the property the loan is secured by and to make sure that there truly is equity in the deal
As i said they got my loan in the escrow office in days
YES i agree most are out to get your money
BUt this one came through for me and iam glad for this