Small HML loans?

I wanted to know if there are lenders that specialize in smaller loans, 20-75K, for smaller projects. I went through the posted list here and most of them start loaning at higher amounts.

Thanks

Ron

Ron,

You’re right, most HML have a minimum of $100k, some even $500k.

There are a couple however that will loan on lower loan amounts $40-$50K.

Sent you an pm.

Right on.

bump!!!

If you’re loans don’t meet the minimum consider putting a couple deals together under 1 loan.

HOW WOULD YOU DO THAT?

Simply put,

The lender would put 2 small loans , which may have been perfect scenarios other than not meeting the minimum, together as 1 loan.

Maybe even 3 or 4 properties if you have the crew to manage that many in a short period.

Banks usually call this a blanket loan.

Ben, will they typically do these on a rehab type loan? these houses need repairs but I could get both done in two wks time. Then what about refi them after so I can cash out and payoff the HML or current lender? Is this something that you specialize in with investors?

I’m talking to a rehabber looking for investors. Is this the kind of deal one could blanket?
He has done several at a time, so that would not be a problem.

Thanks in advance.

yes,

www-
these are just a small part of investment loans that I specialize in.

The hard money loans are indeed for rehabbing…

If your scores are high enough a cashout would be possible.

nbay-
not sure I understand what you’re asking