Financing in Las Vegas>Question Details

Ben, Home Buyer in Outside U.S.

Hard Money who should i use?

Asked by Ben, Outside U.S. Wed Nov 14, 2012

who should i use? whats the best rates and fees i should be able to get and who is good to deal with. Looking for the best deal. its Investment property and im non US resident, Already have the house under contract in LV (total loan 45k being 65% of purchase cost) Thanks

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3
Hello there,

If you are looking for a Hard Money Lender then visit this site and you will see the various programs that are offered. Obviously you will be paying higher points but you have the weigh the good with the bad. Here's the link for your review. http://hardmoneyinlasvegas.com/how-much Thank you and good luck with your purchase.
0 votes Thank Flag Link Thu Nov 15, 2012
I would not recommend any hard money lenders. Most of them charge 11-12%. If you have 65% that you can put down, try borrowing from a realtive and pay the whole thing in cash. Just be wary of hard money. If you were doing a large commercial deal where you were talking millions of dollars and you knew the construction costs and resale values were rising faster than your cost of interest, it would make sense. It seems like you are talking about a small condo if 45K is 65% of the total value. In this case, just pay cash for the unit.
0 votes Thank Flag Link Wed Nov 14, 2012
Hi Ben,

You can contact Jennifer Caro with Castle & Cooke Mortgage. Cell # 702-595-6881 and email is jcaro@castlecooke.com . You can contact her with any questions regarding hard money loans. A lot of lenders will not do financing less the $50k loan amount.

Contact me with any questions you may have.

Best regards,

Chris Harrison
Barrett & Co., Inc.
(702) 592-9510 ph
Chris.Harrison@msn.com
0 votes Thank Flag Link Wed Nov 14, 2012
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