Looking for hard money lender’s willing to pre-approved me. Lost two great deal because could not summit offer with approval of fund’s. So does any out there konw of anyone.
What city are you in? You might want to find someone locally. If you have the right deal, financing should never be an issue. There’s always an investor. Start making friends with REI folks in your town.
Long Island NY.
Use coastal-funding.com
They provide POF. I have been using them to submit offers with no problems so far.
coastal-funding is transactional funding only, meaning they only provide money for back-to-back, or double closings. if you are looking for acquisition money to hold for any period of time they will not work.
I’ve had a good experience with Brookview Financial, they are a national rehab lender. they do have some basic underwriting requirements (credit score of 640, min. liquid assets, etc) but they’ve been good to work with so far, I’d recommend giving them a call.
That is true of coastal-funding. But if you just need POF to submit an offer then Coastal is more than adequate to get your foot in the door. Then you can go on searching for a HML.
Also, could you explain more your experience with Brookview? What kind of liquid assets did they require?
Brookview is wanting to see 20K in liquid assets before they’ll send it to underwriting.