We work with several Hard Money Lenders. They generally charge 18% simple interest and have minimal processing and origination fees. Be prepared to afford a 10% downpayment. In general Hard Money Lenders will lend up to 65% of the value of the property, which matches a 10% downpayment and at least a 25% wholesale discount.
Money can be available in 24-48 hours. Loans are based on the value of the property, not your income or credit. They will place a Trust Deed on the property. You can refinance or sell the property to remove the Trust Deed.
Contact us for more information or to get prequalified.