Who are some good nationwide hard money lenders for buying investment property?

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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.

  1. Reply
    February 4, 2011 at 6:10 pm

    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

  2. Reply
    Alaina Lee Raine
    February 4, 2011 at 6:33 pm

    There are a lot of hard money lenders out there but you will really need to check them out and see if their terms fit your needs. I am about to start real estate investing as well. I found a list on http://www.reiclub.com/hard-money-lenders.php. You will want to make sure you educate yourself really well before jumping into a deal. I wish you the best! 🙂

    You may want to join a local real estate investors club. I know I went to a seminar one time and they had a hard money lender present.

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