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SERVICES
Cash Flowing
Must Cash Flow (most prefer 1:1 minimum, 1.2 DSCR preferred)
6 mos. Reserves preferred
Good Exit Strategy is KEY to Hard Money- what is the stroy and how will this get paid off in two years or so? (hint- "going to fix my credit then refinance" does not fly)
620 min. Score (prefer higher)
70% LTV max
Non-Cash Flowing
MUST have GREAT Exit Strategy
50% LTV max
Higher Rates -generally 15% or more
Must have good Net Worth besides the Property
620 Score min.
Story Must make Sense