Hard Money Lenders (South Carolina)
I have an investor friend who has an LLC. He is looking for a hard money lender to secure a 75% LTV on a property that appraises as-is for $100K. Is that a reasonable LTV? Also, will a hard money lender loan to an LLC or do they require a guarantor on the loan?
Any advise would be greatly appreciated.
Thank you for the information.
Are you still looking for a hml in SC?
[addsig]
Yes. I think he has funding for the project that I originated this post about, but he is looking at other properties now as well. Thanks, Todd