Many real estate investors try to find private money or hard money lenders to fund 100% of the purchase price for property acquisition. In this video, Rocky Butani explains why it's so difficult to find, 2 alternatives to 100% financing, the typical pricing for hard money bridge loans, and how to find direct hard money lenders.
Check out this guide on our website to read more about this topic and find a few helpful links:
00:00 Introduction 01:28 Why Most Lenders Won't Fund 100% 02:13 Typical Maximum LTV 02:31 Cross Collateralization 03:27 Typical Interest Rates & Fees 03:58 Seller Carryback 04:30 2nd Mortgages & Gap Funding 05:07 Loan-to-Purchase Price 05:50 How to Find Lenders
Private Lender Link, Inc. is licensed by the California Department of Real Estate (CA DRE Lic. 02057741). Rocky Butani is the company's designated officer: CA DRE Broker Lic. 01893537.
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By: Private Lender Link Title: 100% Financing for a Property Purchase with Private Hard Money Sourced From: www.youtube.com/watch?v=hOMRofMBZTE
