Hi all I am new at this game have birddoged before, but was wondering these hard mony loans. the lenders I have found want to set up the repair money in 2 draws through escrow. how do I draw the money out of escrow? and how do I get the title company to make me a check at closeing? Dose any body know of hard money lenders that dont want points at close , but will take a higher intrest rate in stead ty.
They know what you are doing with the property, so for the most part they will want points in front. A 20% interest on a property for 1 month doesnt make a lender very much money.