[bostriba]

Looking for hard money lenders for real estate for 3 clients:

[*]Buffalo (commercial and residential 11 properties) - Excellent credit[*]New Hampshire (1 rental property)[*]Buffalo (numerous rentals)- very good credit

please get back asap

[Steven_O]

I can refer you to someone. Call me. Steven @ 786-712-4900

[Jstarr]

IS this a Purchase or Re-fi ?


the commercial ( 11 ) properties, are they multi family, detached SFR or commercial ? and do they have a note or are they free and clear ? either way we love new york properties, Typically if it is something we like I will send out an LOI (offer) the same day and if your client agrees to the terms / rates, and all the numbers and property type make sense - we can close within 10 days offering Interest only payments and assist in getting him a more permanent solution after 6 months - Here are some items that may hinder or delay closings or offer's

1) the appraisal / BPO come back lower than we discussed - if your telling me that the property is worth x and our appraisal comes back y - we would have to adjust our offer - typically on residential we can go up to 80 % and commercial 65-70 % and the reason for that is when you re finance to a conventional produce you will need equity and the DP is your equity.


2) the property is Owner occupied - since we are a private lender and not a mortgage company there are laws that prohibit us from lending to a home owner that resides in the property unless its an investment property or rental.

3) title issues - many times we will find issues on title from previous closings that could consist of ( wrong legal description, liens,needing to quit claim to a corp etc,) but regardless we will fix the issue.

call me lets see if this fits our model..

[aaroncrouter]

I can help you with your hard money loans. Up to 90% LTV. Rates from 6% to 8%. We fund 100% of rehab cost. 12 to 36 month terms. 5 to 7 day turn around. Shoot me a text with your contact info. Aaron - 407.924.1724

[Newman410]

I recently had a client that went thru Lendinghome.com and had nothing but praises about their process. If anyone's looking for a good accountant in Baltimore area, send me a message.