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10-11-2014, 09:56 AM #1
- Join Date
- Jun 2014
- Posts
- 84
New to me - Client wants hard money loan and seeking one out. But some questions....
Is there an upfront fee for underwriting hard money? I have heard yes and no.
How long does the process of getting hard money take? days, weeks? - and when does loan occur?
Should I go to multiple underwriters (as is the case with merchant loans)?
Will underwriters indicate 'declines' in a prompt manner as opposed to sitting on a file that clearly has no chance
I need recommendations for those in the business. I have 2 clients in Minnesota-who will work with them? One has 1 unit residential-the other has some commercial properties with some equity in them.
I need results fast. If there is anyone out there that can do this job and fast then please get in touch with me ASAP. We can talk this weekend if you want. If you are not quick in processing these type of loans then please do NOT respond. Too much time has been wasted. I need a professional.
John
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