I need a $40,000 hard money loan on a free and clear house, 50% ltv, dont care about points or rate just that it can get done. Need short term to finish a rehab a contractor skipped town on. I have appraisal of house and the borrower has excellent credit and assets. Want fast closing.
Have you tried contacting any of the Hard Money Lenders listed to the left of this post under Hard Money Lenders?
Yes. I sent an email to everyone who listed residential hard money loans in ohio. Thanks for the reply.
Hi Mike,
I have a connection with a HML that may consider this. In general they want to lend at least $100k, but I did recently ask the question about smaller loans (I invest in some lower priced markets).
Realistically you’ll be looking at 10 points, 15 percent interest.
If this still interests you, let me know and I’ll connect everyone together.
Stacy