Can I roll closing costs into the loan?
Sometimes we will allow you to roll points into the loan. However, most other title and lender fees, or other closing costs, will have to be paid by you at closing.
Sometimes we will allow you to roll points into the loan. However, most other title and lender fees, or other closing costs, will have to be paid by you at closing.
We usually lend on appraised ARV (after-repaired-value). Thus, if you purchase a property far under its ARV, we may be able to lend you 100% of the purchase price. You will, however, usually have to ...
No. Most or our hard money deals require interest-only payments that usually balloon in 6-18 months, meaning the entire principal must be paid back at that time. We sometimes can do an amortized loan on ...
Currently we lend on residential investment properties and “light” commercial, such as 1-4 unit properties, smaller apartment buildings, small retail shops or office buildings, small bars or restaurants where there is real estate, single family ...
Hard Money Bankers, LLC is not a licensed mortgage lender and does not lend money on primary/principal residences. We are a commercial/investment lender. All our loans are either funded by us or by one of ...
Maybe. Every deal is different. Once your deal is preliminarily reviewed, you will be told by the underwriter which documents you will need to provide.
This will depend on your exit strategy. For instance, if you have found a great deal on a property from a distressed seller, and you intend to merely flip the property and all you need ...
The process is explained more fully in the Lending Process section of this website, but it is never very cumbersome. You can also download our Free Report entitled Seven Steps to Guaranteed Hard Money Loan ...
We currently have offices in Columbia, Maryland and Philadelphia, Pennsylvania. We lend in Maryland, Virginia, Washington DC, Pennsylvania, Delaware and New Jersey.
No, hard money lenders that use private capital don’t require a standard appraisal. However, they may use a broker price opinion (BPO), an internal valuation, or a comparative market analysis instead of a full formal ...