Profile picture for RyanThurston

good hard money lenders in Seattle

Currently own 5 rentals and would like to purchase a couple more before rates go up.  Idea is to use hard money lender to purchase at foreclosure auctions, then refi shortly afterwards. 

Any suggestions for hard money lenders in the Seattle area? 
  • December 23 2013 - Seattle
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Answers (6)

Profile picture for gator70
You can do that. 90% LTV is available if you buy fixers. You will need to do the rehab, wait six months for seasoning. Get a new appraisal that puts you in a 80% LTV position. 

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  • February 05
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Profile picture for steve vanert
Look for an independent private investor. We are more flexible with rates and points. Independents are generally more concerned with creating a sustainable relationship with a few great partners rather than one time deals.
  • February 05
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I can help you with the refi's after the purchase.  Good luck on the hard money, I know it's out there, hopefully Mack can connect you. 
  • December 24 2013
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You don't need a hard money lender to have more than 4 financed properties.  I like some other lenders have investors that allow you to have 5-10 financed properties.  Beyond 10 then you need to contact a good hard money lender.  
  • December 24 2013
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Profile picture for Brookstone Mortgage
How do you plan on doing that? Do you have cash to put into the transaction?
  • December 24 2013
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Yes. Contact me directly.
  • December 23 2013
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