Finding HML - Posted by Jason Deck

Posted by KC on July 02, 2003 at 24:42:30:


Go to and surf that website. The owner’s name is Mike Cherwanka, he does a lot of what he calls (Pre-Habs), and he has a good HML that he deals with. Also, it’s a good site if your interested in buying homes with sweet equity!

Good Luck and Happy Investing

*********** KC ***********

Finding HML - Posted by Jason Deck

Posted by Jason Deck on June 30, 2003 at 13:13:03:

Can anyone advise me on the best way to find an HML in Atlanta? I have scoured the main newspaper (Atl Journal) and do not see any “Money to Lend” ads. Perhaps I am looking in the wrong section.

Do you more experienced folks use “professional” HMLs or have you tapped personal contacts with money to lend?

Thank you everyone in advance,


7 Steps to Find Hard Money Lenders - Posted by Jim Kennedy - Houston, TX

Posted by Jim Kennedy - Houston, TX on July 02, 2003 at 17:05:48:

Hi Jason,

I’ve posted this list before. I hope you find it useful. Obviously, you’ve already done step #1.

Seven Steps to Find Hard Money Lenders

Step 1. Since most hard money lenders tend to be either local or regional in scope, start a new thread on this news group, post what city and state you are in and perhaps someone from that area can refer you to a hard money lender.

Step 2. Two hard money lenders (or more accurately what I call “quasi” hard money lenders), advertise on this web site. Look for their banner ads at the top of this page. If at first you don’t see them, simply click on your web browser’s reload or refresh button until the banner ad says “Hard Money Loans” or “Rehab Funding” or “Brookview Financial, Inc”. Or go directly to their web sites at for Bob Beckman of Rehab Funding, or at for A.J. at Brookview.

Step 3. Many hard money lenders have web sites that explain what they have to offer, including their rates, terms and conditions. Therefore, do a search of the Internet for hard money lender web sites.

Step 4. Find several local rehabbers by calling their “I Buy Houses” ads in your local daily newspaper as well as the local Pennysaver, Thrifty Nickel, Greensheet, etc. In my area, several rehabbers run ads in the yellow pages. Ask the rehabber if they can refer you to a hard money lender who makes equity based loans in your area.

Step 5. Attend the next meeting of your local real estate investment club. Ask some of the experienced investors for a referral to a hard money lender. If the club has a membership roster (as mine does), start at the top of the list and contact each member and ask who they use for hard money loans.

Step 6. Open the yellow pages to “Real Estate Loans” or “Real Estate Mortgages” and start at the top of the list. Call each lender and ask if they make hard money loans. If they don’t, ask if they can refer you to someone who does. Be careful with this last one. Many mortgage brokers only deal in “traditional” types of loans and will look at you with a puzzled look, if you ask about “hard money”. ?Hard money lenders? are also referred to as ?equity based lenders? or “asset based lenders”. Just make sure that the person you’re asking understands that you’re looking for a lender who looks primarily to the asset and isn’t very concerned with your credit when deciding whether or not to make the loan.

Step 7. Contact your title company and ask if they know anyone who makes equity based loans. If they don’t, open the yellow pages to “Title Companies” and start at the top of the list. Call each title company and ask if they know of any hard money lenders in your area. If real estate settlement closings are not handled by title companies in your area, contact whoever does closings (typically attorneys) and ask for referrals to hard money lenders.

If you do steps 1 through 7 above, I’m confident you will find a hard money lender. However, if you don’t find a hard money lender after completing steps 1 through 7, contact me by e-mail at and I’ll point you to a couple of web based lists of hard money lenders. Look for a lender on the lists who makes loans in your area. There are several that are listed as making loans nationwide.

Also, if you haven’t already done so, go to the ‘how to’ section of this web site and read Ed Wachsman’s explanation of hard money in his article entitled “A Glossary Of Common Terms Used In Loans And Lending”. You can find it at

Best of Success!!

Jim Kennedy,
Houston, TX

Re: Finding HML - Posted by Jay

Posted by Jay on June 30, 2003 at 14:55:36:

Jason, I have two lenders for you. Rehab Funding,

Miami Valley Bank, is another one. Don’t know their web address but their based in Lakeview, OH.

Good Luck!

Re: Finding HML - Posted by JC in Seattle

Posted by JC in Seattle on June 30, 2003 at 14:02:03:

Call a few mortgage brokers from the yellow pages. They should probably be able to steer you in the right direction.

Re: Finding HML - Posted by Marcos

Posted by Marcos on June 30, 2003 at 13:35:51:

There are VERY active investor groups in Hotlanta. Try going to a few of those. They will have lenders there that you can tap. Ask around with other investors. I found my HML through a personal referral.