Posted by Don Carlson on February 26, 2003 at 19:08:02:
Ark,
From my experience hard money lenders are good sources to use but recently they are becoming more strict cause too many people are taking advantage of them. Some now require you complete 3 or more rehabs before even considering to loan to you. They are more tight on FICO scores as well. Could you please describe your deals more like what is the LTV. Most lend up to 70% LTV. I live in Los Angeles and a lot are here. Not sure if you can find any that will lend in ARK. What is your exit strategy?
Don