Are there hard money lenders that do 95% or 100% loan to value on homes?
If so, what are typical fees on something like this?
2007-03-10 13:43:32 · 3 answers · asked by Marcello 2 in Business & Finance ➔ Renting & Real Estate
They will loan more than that if your plan is good.
Usually they want 20% of the deal. Not of the profit mind you, but of the deal.
I'd wish you good luck, but you really need brains if you think you can make a profit with these guys.
2007-03-10 13:55:25 · answer #1 · answered by A_Kansan 4 · 0⤊ 0⤋
the highest LTV I have ever seen hard money lend is 75% on a refi and 65% on a purchase. Hope this helps you. The website below is a directory of lenders looking for business. Good Luck
2007-03-10 13:51:54 · answer #2 · answered by hunnysweetgirl 1 · 0⤊ 0⤋
I've seen it happen. I did one a couple weeks ago. Send me an e-mail and if I'm licensed in your state I can help you out. I've been in the business for a while so I have seen/done everything. If you e-mail me I'll give you all my work contact info.
2007-03-10 13:59:42 · answer #3 · answered by Amber J 2 · 0⤊ 0⤋