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Loans

Posted by Elissa Stanisz Robillard on June 17, 2012 at 9:11pm

Hi All,

I was wondering if there was someone who may be able to help me with some questions I have regarding hard loans.  I am interested in how to go about finding a lender, what are typical payment terms, how do these loans appear on credit reports, can they be paid back with a HELOC, etc.  Thanks!

Elissa

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Replies

  • Hardmoney
    Joel Kraut June 24, 2012 at 2:27pm

    David,

     

    I am looking for additional funding sources for deals.

     

    Is there a phone number I can call you on to discuss?

     

    You can e-mail that number to me at jkraut@pranorth.com

     

    I look forward to speaking.

     

    Joel

     

    732-598-0351

  • David Lang June 19, 2012 at 10:08am

    I am a Hard Money Lender. You can E-mail me at davidcartierlang@gmail.com. I will be happy answer all your questions.

  • Alberto Artasanchez June 17, 2012 at 9:29pm

    Hi Elissa,

    I will address one of your questions and let other folks answer the rest. Hard money loans can be paid back with any kinds of funds including HELOC's, but make certain that you don't rely purely on a HELOC to pay it back and that you have a plan B. HELOC's are harder to come by nowadays and even if you have an open line of credit on your home currently, there are many reasons why lenders might close it or lower it in the future. An example being if your FICO goes down.

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