hard money loan?
Jul 05, 2009
in
Hard Money Loans
how would one go about getting a hard money loan in michigan?
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2 comments
answerman on July 5, 2009 at 8:52 pm
You might consider joining a real estate investment (REI) club in Michigan. Typically the people in this circle will have the best contacts to the best hard money lenders. Also, they often have publications and newsletters which will contain hard money lender advertisements. Here is a link to Michigan real estate investment clubs http://www.creonline.com/real-estate-clubs/mi.html
Wishing you a happy and prosperous 2006
Mike P on July 5, 2009 at 8:52 pm
I would call some of the Mortgage Brokers in your area. Typically, if it is a make-sense deal, you can get a temporary hard-money loan for your real estate transaction. You will pay high interest rates, usually 10-12% for these loans.