Who are some good nationwide hard money lenders for Buying Investment Property?
Anyone know of any good sources for such hard money?
I am speaking for buy investment single family homes and also buying, apartment building all the way up to 6 units.
For example, will anyone still base the purchase money loan based on a strick 65% of the current appraisal value of the property, and be satisfied with their security of their 65% LTV or allowing a seller second mortgage for the balance. I know that these types of loans were being done as long ago as 10 years ago or longer, and more than likely even in recent years. I also know that lending guidelines have become more conservative lately. But what I also know is that there are usually some lenders out there who are willing to do some loans outside of the box.
So my question is simply whether anyone knows of any such lenders who loan nationwide.
there still are a few that will be able to do this type of loan. they sometimes will wan tthe buyer to put some of thier own money into it aprox 10%
the rate isnt great but can be done if the borrower is strong
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