Re: Hard money ? how to choose - Posted by Jay Neal
Posted by Jay Neal on April 12, 2006 at 08:53:17:
We are a small HML in the Charlotte area. In our area, like yours, most of us have similar pricing but there are some subtle differences in how we operate. An individual who does hard money, or a small firm like mine, may be able to move more quickly if you need it,than the larger, regional players. You may want to ask about ALL fees; are there processing fees, draw inspecion fees, document prep fees, etc.? Sometimes the pricing may not be as close as it originally sounds.
Other than that I would say make sure you are comfortable with the person. We get lots of repeat business because we strive to be easy to work with. Find someone you feel will help you be successful; maybe they can offer advice on the market, give you the names of good contractors, etc.
Hope this helps.