Yes, 100% with partnership in the deal. If not 65% LTV or 85% on rehab at 65% ARV. Gap funding is also available. Feel free to submit your deals to our preferred private money lender in order to become approved based on the property and NOT on credit. Call 407-796-1496 x 102
Agents & Brokers are always protected.
Normalina Martin, Licensed Real Estate Broker
Distressed Asset Specialist
Clear Vision Realty & Associates
"We Solve Ordinary Real Estate Situations in an Extraordinary Way"
407-796-1496 x 101
If you're a first time homebuyer with at least a 620 FICO you can get up to $7,500 to buy a property.
If you are credit challenged you can try a NACA Mortgage. Just be sure to have your Realtor sign you up online so she will not have to pay a large referral fee.
Otherwise it seems like it would be impossible for a hard money lender to give more than 70% of purchase price. Also expect to pay very hefty fees in addition to a high rate.
All the best,
Its very uncommon for hard money lenders to over 70% LTV. If you can assemble an appraisal showing greater value than the loan- it may be possible.
Another option is to pledge assests to make the loan safer for the investor.
Miami Beach Real Estate Guy
-_- South Beach, Bal Harbour + Sunny Isles Beach