Hard money, or private lending, means lending capital to real estate investors, secured by the property itself, rather than buying property directly.
Log in to followI have a repeat borrower asking for a fourth loan. Existing three are separate notes, separate mortgages, 68 to 72 LTV on as-is, all in the same metro. Total exposure to him would…
Working on my salesperson license now and a private lender I know suggested I bring him deals and take a piece of the points. He funds, I find the borrower, walk the file, and get…
Working through some loan summaries and the second position loans keep paying 3 or 4 points more. A second lien on a rehab, 14 percent, 2 points, and the combined loan to value is…
Reading through a private lender fund's sample note and mortgage before I commit as an LP. The note has a 15 day grace period, then a written notice of default, then a 30 day cure…
Rehab deal in front of me. Purchase 240k, rehab budget 85k, so all-in cost 325k. Borrower's ARV is 430k off three comps, two of which are on a street with newer builds and bigger…
Construction is what I know, so I look at these rehab loans and I can see which borrowers are lying about their budget. Thought that might be worth something on the lending side.…
I'm trying to get the vocabulary straight before I put money into a first loan. Everyone writes rates like "11 and 2," and I understand the 11 is annual interest. The 2 is points,…