I have an offer accepted for 60% off the ARV and will now need a hard money lender to close the deal. I am interested in any that can provide 65%-70% ARV funding and the term would be 1 year or more. This is a great deal and I don’t want to give it up. Any suggestions would be greatly appreciated. My credit is excellent and income are high. The reason why I don’t want to do the conventional route is because I don’t have the down payment as this would be my 2nd (investment) property and would require a 20-25% down.
More investors are turning to hard money now because of the leverage it provides.