Earlier today, one of my wholesalers sent me this memo on Hard Money-Private Money loans…these are the lowest that many of us have ever seen for hard money….so if you are in need of someone that needs a loan like this…or know of someone, please get in contact with me…as this “special” has a limited time frame. Here it is:
……… is running a 2-Week Special with rates in the 7-9% range on Hard-Money. The special applies to SFR’s, Townhomes, Condos, and 2-4 Units, as well as some 5+ Units . This special makes sense for a huge number of borrowers so get your submissions in ASAP.
Our current wholesale submission requirements are as follows. We will respond with a written approval within 24 hours but usually before the end of the business day:
• Submission Form (see attached)
• Credit Report
• Purchase Contract (if applicable)
• Current Rent Roll (Multi-Family 5+ Units)
This is about as easy as it gets….and now we are getting these rates on a national scale….literally doing business nationally, thanks to the web.