This is something that came up today in talks with a friend of mine today
Where can a person get funding for these types of real estate?
As in most cases they are a cash flow business as well have room to grow most of the time
Is there hard money for them ?
A special funding company for them ?
Thanks for the response what ever they may be
Yes, there is conventional commercial financing available, there is private money companies which will provide financing for 3 to 10 year notes, and there is hard money available to go in and fix up to then refinance.
Conventional money probable loans 75% max of FMV.
Private money probable loans 70% max OF FMV.
Hard money probable only goes 65% max of the ARV value.
It depends on what state your in?
HEY
Thank you for the response and information
Would like to know more on where and the terms
Me and my friends do deals in Oregon /Washington