Did you know that 80% of all the calls I get are for deals that I CANNOT fund?

As you have probably figured out by now, I am not the "be all" and "end all" lender.  I don't try to be, and I don't want to be.  I serve a very small niche market that is usually under served in the lending business.

I do not make home loans.

I do not make construction loans.

I do not make rehab loans.

I do not make 2nd position loans.

I only lend in USA.

My minimum loan amount is $150,000 and my maximum loan amount is $3.2 million.

Remember: I typically make a 50% loan to value loan.

On a purchase transaction, I do not care that the property is worth $4 million dollars (or whatever) and that you are "getting the deal of the century" and are buying this property for only $300,000.  My loan will be based on the purchase price, NOT the higher appraisal value.

Some good things to consider: 

On a purchase transaction:  It is certainly possible for me to make a hard money loan for a borrower/buyer that is coming into the transaction with little to nothing in down payment money.

In this case, I will be happy to make a 40-50% first position loan against the real estate.  What this means is that the seller must be willing to carry a LARGE 2nd position loan against the property.

If the seller is willing to carry a large 2nd, then I would feel comfortable making a first position loan with "no skin" in the deal by the buyer/borrower.

Hey, want to check out a hard money lender blog?

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