Down Payment for a Hard Money Loan? - Posted by Todd

import · December 4, 2000, 1:13am

Posted by Jim Kennedy - Houston, TX on December 04, 2000 at 09:47:32:

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import · December 4, 2000, 1:13am

Posted by Todd on December 04, 2000 at 02:13:19:

Is a down payment required for a hard money loan?

import · December 4, 2000, 9:43pm

Re: Down Payment for a Hard Money Loan? - Posted by dewCO

Posted by dewCO on December 04, 2000 at 22:43:18:

Not for the loan, but since they lend only up to about 65% of value, you may need the balance in cash to buy, unless of course, you negotiate well and get the property for 65% or less of value.