From: "Canzie" 
Newsgroups: misc.invest.real-estate
Subject: Re: Hard money lender fees?
Date: Fri, 19 Sep 2003 02:03:48 GMT

Answer these questions, I'll help.

What geographic area?  Commercial or residential?  What LTVs/CLTVs are you
interested in?  1sts or 2nds?  Recourse or non-recourse?  What licensing do
you have?  What lending experience do you have?  Personal, LLC, Corporate or
all?  Securitization?  What type of warehouse line do you have in place?
Will you securitize & market?  Portfolio hold?  Individual sell?  Have you
had your disclosures & security documents verified by an attorney?

Rates/terms are the easy parts.

We have an in house product I call the Pulse Loan.  Commercial only, 65%
LTV, 1 year balloon, 15% Interest Only, 8 points.  No application, no credit
check, no asset check, no employment check, just an appraisal and title.  If
you have a pulse, you get the loan.  That is hard money.

-- 
Michael Papp
iNet Commercial Lending/ Carteret Mortgage
www.iNet-Lender.com
MSN Messenger ID - iNet-Lending


"Canzie"  wrote in message
news:Emtab.12870$hl4.1356@nwrdny01.gnilink.net...
> Is this some kind of joke?
>
> Its called hard money for a reason.
>
> -- 
> Michael Papp
> iNet Commercial Lending/ Carteret Mortgage
> www.iNet-Lender.com
> MSN Messenger ID - iNet-Lending
>
>
>  wrote in message
> news:914a444b5aff6763ad122ac49e426633@news.teranews.com...
> > Dear Group,
> >
> > What do typical hard money lenders charge in interest rate and/or
> > fees?
> >
> > I'm thinking about doing some hard money real estate lending, but have
> > no idea what to charge.
> >
> > Thanks.
> >
> >
> > Bob
> >
> >
>
>