Private Money Loans in Spokane

By
Mortgage and Lending with Spokane Mortgage

Private money or hard money loans are becoming increasingly harder to come by in Spokane. The Sub-prime and Foreclosure scare has made investors shy away from real estate and lower the Loan to Value percentage when it comes to hard or private money loans. Less than a year ago Hard Money went all the way to 75% where is now, 65% the maximum.

private or hard money loans in spokane

If the Property is Rural or a log home your hard money lender might only go to 50 or 60%. If you need a Hard money loan in Spokane or Washington state. Give me a call at 509-951-4615 or visit our Spokane Mortgage website to get pre-qualified with short 2 minute application.

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Anonymous
Frank Wood

I am looking for "Hard Money" to purchase commerical property in Western Monetana.  Both parties have agreed on all conditions.  Seller is willing to take second position to lender.  Asking price is $1,000,000.  Need to borrow $550,000 or up to 40% LTV.  In 2004, property was appraised at $1,700,000.  I can have package e-mailed to you or what you would need to begin with.  You can reach me at 206-621-0932 home or work 425-235-2000.  Just ask for Frank Wood.

Frank Wood

 

Feb 03, 2011 09:33 PM #1
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