Looking for Financial Advice

[Wulf202]

Take on an investor or switch to hard money for the mortgage? Possibly tale on a second mortgage

[CO Hugh]

Take on an investor or switch to hard money for the mortgage? Possibly tale on a second mortgage

I represent hard money lenders, however, they remind me of this scene in Goodfellas: (Eventually they burn down restaurant)

https://youtu.be/ZPtjyqgZAUk

[PSS]

What kind of terms is typical for hard money loans?

I'm thinking about refinancing the project with a different bank. Some people will have to wait for their money until that goes through. Just not sure what kind of shit they can put me in. I already am communicating with all of them.

[Irving]

What kind of terms is typical for hard money loans?

I'm thinking about refinancing the project with a different bank. Some people will have to wait for their money until that goes through. Just not sure what kind of shit they can put me in. I already am communicating with all of them.

I want to say 30 - 120 days, but of course it will depend on the lender and situation. That might be a misleading estimate on my part, but I wouldn't expect terms comparable to a bank.