hard money deal....lookin for hard money lender other than eastern - Mortgage Forums for Brokers and Loan Officers

brendo927 · #1 (**permalink**) 02-21-2006, 02:30 PM

75%LTV full doc 318,000 loan amount 425 apprasied value DTI @ 33%, 3 famiy in RI 562 mid currently 2X90 behind 8g's on mortgage. I am looking for an investor or a hard money lender other than Eastern savings. Any suggestions?

brendo927 · #2 (**permalink**) 02-24-2006, 11:39 AM

Can anyone help me with this deal....any investors out there....this guy is desperate.

macp · #3 (**permalink**) 02-25-2006, 09:43 PM

www.imperiallending.com
aztec lending

HisHouseMortgage · #4 (**permalink**) 02-26-2006, 06:03 AM

Try Option One

brendo927 · #5 (**permalink**) 02-28-2006, 11:37 AM

I've noticed that I am 5% off on the LTV most of these hard money lenders are much tighter now and will only allow 70%.

nopar · #6 (**permalink**) 03-09-2008, 09:57 PM

email me and i will help you out on gettng this loan done!!!!!

ravi.inuva · #7 (**permalink**) 05-16-2008, 03:42 PM

email me and i will get this loan done for you

Quote:

Originally Posted by brendo927

I've noticed that I am 5% off on the LTV most of these hard money lenders are much tighter now and will only allow 70%.

rationale · #8 (**permalink**) 08-06-2008, 10:29 AM

try "Yale Mortgage"

localhardmoney · #9 (**permalink**) 03-11-2009, 08:29 AM

75% is too tight. 65% is usually the max that we see, especially with values still dropping. try localhardmoney.com for the funds you need.

TheMaineEvent · #10 (**permalink**) 03-11-2009, 05:59 PM

Here's the issue you're going to run into.

As mentioned, the LTV is too tight. Hard money lenders will use the quick sale value for the property which will most certainly be lower than the value you listed.

The borrower would have to cross other property/assets to give this a shot, but even then the LTV may simply be too high for any lender based on their value.