Source Capital's team of private hard money lenders doesn't judge you based on past financial mistakes.
Not exact matches
I
did have
Private Lender, but decided to group it in with «
Hard Money» To save space (though, they are different!)
I
did have
Private Lender, but decided to group it in with «
Hard Money» To save space (though, they are different!)
@Sabrina Laplante I think that @Joshua Dorkin and @Brad Turner are going to be
doing a Podcast on
Private and
Hard Money Lenders, not sure when though.
Similarly, how many posts
do we read desperately asking how to find
private and
hard money lenders?
(line up a
hard money lender or
private money before hand) You can also request an extension, just offer them (the sellers) a consession for
doing so.
You might be able to find a
hard money or
private lender to give you the
money quickly, but that still isn't really in the spirit of a cash offer if you don't have that
money lined up in advance.
Hard money typically requires making monthly payments whereas
private lenders will offer balloon loans that don't get paid back until the property is sold (with huge interest, of course) and you can request draws of the rehab funds as the project is completed.
If you don't have personal relations with
private individuals who really
do have
money (true
private lenders who don't use brokers), you might seek out some
hard money lenders that loan directly (i.e. using their own funds) by getting references from others in your area.
Do you know the difference between working with a
private lender and borrowing from a
hard money institution?
If you're working with
hard money or
private lenders to rehab / flip properties, they probably
do care about your experience level to a degree.
Does anyone have any suggestions of any
lenders (
hard -
money /
private) or investor friendly banks (funding, flip loans, etc) that could help us with securing funding?