Lenders wanted

FL, Residential, Purchase, $150K, FICO, 100% LTV
Posted on 10/1/2014 8:05:41 AM

I am a realtor in Cocoa Beach, Florida and often work with new and seasoned investors looking for hard money.

Can you provide information on the types and terms of loans you offer when the buyer wants to buy, fix up and resell single family homes, condos, and/or apartment buildings?

Thank you,

Rhonda Michaud
Prudential Star Real Estate
Cocoa Beach, Florida

  • by BRUCE JONES on 12/4/2014 2:58:41 PM

    Hard money lenders usually require a very strong position with regards to the loan to value. Usually 50-60%. Rates are 7-9% and are for short terms - interest only.

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