May 7, 2020
We talk all the time here on Flipping America about getting a hard money loan. It could be that you’re listening and are vaguely familiar with the idea, but it gets kind of complicated quickly when you start talking about all of the variables. Interest rate, term, points, loan-to-value, purchase money, rehab money, percentages of this or that. On today’s episode I’m speaking with Nate Wolosiewicz who runs the Atlanta office for Civic Financial. Together we are going to look at a project and run the actual numbers. We will break down for you the costs, the features, and the benefits of funding your projects this way. And you are going to be amazed at the return - even with the relatively high cost of capital and the relatively large amount of cash it will require from you. The benefits still FAR outweigh the drawbacks.
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Topic: Hard Money Loans - Nate Wolosiewicz
News:
- Who is Mr. Cooper and why do I feel like I know him? https://www.housingwire.com/articles/mr-cooper-has-nearly-200000-customers-in-forbearance-but-the-nonbank-isnt-worried-about-liquidity-anymore/?utm_medium=email&_hsmi=87256294&_hsenc=p2ANqtz-_234zREUTydEUuADdvjX3wyMVCqMH2mX0VwKQbz1PW-bPGv1XUZcMkb5GTZjIwbl7vbYKs&utm_content=87256294&utm_source=hs_email (spoiler: formerly known as NationStar Mortgage)
- Jobless claims topped 30 million this week.
- This will help with lender liquidity. https://www.housingwire.com/articles/fannie-mae-freddie-mac-will-begin-buying-some-mortgages-that-are-in-forbearance/?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=86695889&_hsenc=p2ANqtz-_l-0bZG7tuXENLe_8VF1G8PprqbmnkJ6cekvjN7JRI9zgp5__ptls5ENymHwEMopYCj9JpIvOt5CbyeI4uQvlDZpDqvpFUT9hWdNYXIb5UzMjtHK4&_hsmi=86695889
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