The HML I use has a minimum of 40K, 18% interest, no pay for 6 months, 10 points out of pocket, 13 month term, credit not too important. I wind up with 90% of the total cost, including acquisition and rehab costs. Not too bad a deal.
Need Hard money in Alabama - Posted by James Carden
Posted by James Carden on November 15, 2001 at 01:02:31:
I purchase distressed property & preforeclosures . I am looking for a hard money lender for some of these deals. all deals are done in the state of Alabama with a LTV of 60-70% or less. amounts of 10,000-80,000 length of time is usually 4 months.