I have been looking for hard money for two properties I have under contract in Dallas. All the hard money lenders seem to have dissapeared! The few that I know of, that are still around, require full doc, tax returns etc. and still want to charge an arm and a leg!
My problem is that I need to go stated, no tax returns. My fico is over 700 and I already been approved for a refi once the properties are rehabbed.
The loan amounts are on the small side as well…around $40k and $50k roughly for purchase and rehab. The ARV is $75k and $85k.
I have searched the web and nothing so far, except for the ones that want full doc.
Any input appreciated.