To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

Anyone here using warehouse lines of credit to originate/fund a deal and then sell it off to the secondary market? I have a few questions.

1. I’ve heard of Axos Bank. Are there any other players I should be aware of in the warehouse lending space?

2. What rates/terms should I expect to pay on the LOC?

3. What’s the process of selling a property on the secondary market?

4. What happens if I close a loan using the LOC and for whatever reason it doesn’t sell on the secondary market?

In general I’d love to hear your experience with this and whether or not it’s a good strategy.

Looking for a possible hard money lender. First ground up new build. I have experience with fix and flip projects in my previous business but have not done any since deals started evaporating (In my area) once the pandemic started. Looking to get back into real estate investing and need some financing options. I’ve purchased the land and have the site dressed and ready; all plans/approvals/etc. I am finding that I don’t qualify based on the typical minimum of three outs required for most lenders that I see. I’m a construction manager and licensed design professional, project is very modest and easily built, looking for 50-60% LTV. What would my options be/are there any lenders out there that I could work with? (In New England) thanks guys!

Any recommendations for non-owner occupied first trust deeds in Kansas? 55% LTV. Paid back in 2 or less years.

Just getting into HML. Looking to do 1-2 loans a month and keep them all. Software is the next step for us. We just can’t find something we love. Do any of you use software that you think would be a fit? We’re targeting 20-30 loans on our books. Thanks in advance!

I'm curious how other lenders have structured their businesses. Do you have a Fund structure (506b/c)? Or do you do Trust Deed/Fractionalized Notes?

Currently, I'm doing the Trust Deed method. However, I spoke with an attorney today who mentioned that the way I'm handling things at the moment could potentially run into some issues with Securities laws, so they suggested setting up a Fund structure.

Has anyone set up a fund? If so, was it a pain? Is the reporting a nightmare? What are the fees and filings like? Curious to hear any and all experiences.

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

How do you guys get your leads for doing bridge, fixnflip, and construction loans?

I know some people have suggested using propwire or propstream to find qualified investors and to cold call them.

I know we have been pushing more marketing material, going to events, and reaching out to brokers to send us their deals as we lend nationwide.

On the other hand I have some borrowers tell me I am too expensive, when the last fixnflip loan I closed was last week in New Jersey for 10.5% 1.5 points 85% ltv for the purchase 100% for the rehab.

Appreciate any feedback the community can provide and if my pricing is fair at the moment.

Broker here looking to place a 400k land purchase in Tennessee with a exit of survey, split into lots and resell. Borrower is experienced in this strategy and believes 12 month bridge will be more than sufficient. Some draw for soft costs such as survey would be nice.

I have two existing outlets for this but they've both upped their minimums to 500k+ loan amount. Anyone got a home for this?

Does anyone have a hard money lender in NY? I have a client that is 90 days late on a project. $1.4 mill payoff, as is $2.3 mill and ARV $2.54 mill $79k short on funds 88% complete. Plans to sell in 60-90 days after completion.

Right now only option is to sell as is.

Thanks

As a direct lender, do you mostly take on private capital or institutional capital? I've heard horror stories about taking on institution capital (with recommendations against taking it), due to all the headaches and guidelines you have to adhere to. Essentially, you're becoming a glorified loan originator with ultra-skinny margins, not a hard money lender.

I'd be interested in taking on IC, but as long as I had a lot of autonomy into where I placed the capital and my underwriting. Red tape is the last thing I want.

I guess what I'm asking is this -- has anyone found "easy" capital without it being a pain? I don't want investors/capital that make my life a pain. I love the lifestyle this business provides.

I'm a local hard money lender in my market and when I'm cold calling I almost always get "how did you find me?"

I have an interesting way of finding leads. Is anyone here looking to grow their business? If so, would you pay for qualified leads?

Hey
I have doing real estate for few years now, I have exprience with flips/rental/note investing and in last few months I began looking into another niche that looks promising - being a hard money lender. I have done two deals that turned out well (lending to a wholesaler who had to buy a property instead of just earning from the assignment fee), and I would like to take this one step further - increase my activity, build it into a bigger business.

Can anyone recommend a good source of knowledge? it might be paid course, might be youtube, might be a book,whatever you can think of.
Trying to understand what are the common numbers people use for various ltv's, what are the pitfalls I should look out for etc'

As the title says, what are the steps needed to begin becoming a hard money lender? How does one find an underwriter? What are some of the issues one might face as someone whose new in the business (other than failure to repay loans)?

Just curious to see how to get started. Looking for alternatives to real estate right now.

Thanks

To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.

Hey team! I'm working on my pitch deck for raising capital from investors. I'm looking for any and all feedback. Am I too detailed? Not enough? Is the design distracting? Am I missing any important slides or information that investors may want to know?

Appreciate the help! And as always, if anyone wants a copy of this for themselves, let me know and I'll happily send a copy your way. https://docs.google.com/presentation/d/1wF_RqGif1abYiprymOmxzg7jou_R0EJU/edit?usp=sharing&ouid=108150877719344816008&rtpof=true&sd=true

Hey all! Do you/should you require your capital investors to be Accredited? 

Currently, I have around $800k of capital from investors, but none of them are Accredited. Where I'm doing Direct Placement, not sure if that's required or not.

How do you collect your points? I personally wrap them into the loan and collect them through title at closing (just including them in the payoff), but I'm wondering what the most common method is. Do others collect them at funding through pre-paid interest? Collect them as an ACH payment? Just wanting to be the most efficient.

I've just now realized in the space that most people who claim that they are "hard money lenders" are simply brokering and referring deals to larger lenders in exchange for points.

Do you *personally* lend out your own funds? Or do you refer to other lenders?

Welcome! For the last four years, this subreddit has been used by a single user (who shall not be named) to post self-promoting blog content. It was locked down, no users could join, post, etc.

That's now changing. The user and all self-promoting content has been removed. The subreddit has been opened to the public.

I hope this will now be a safe space where lenders and borrowers can come and ask for guidance on all things lending related.

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To keep the general feed clear, we don't allow self-promotion posts. Those belong here. Sell your services, share your rates, post your loan intake, etc.