how do I find hard money lenders? - Posted by David O'Connell

Posted by Dfree on July 16, 2003 at 11:29:45:

Great Info as usual Jim

It’s good to see you back active on the board. I havent’ seen you for a while. You were one of the first “gurus” to lead me to doing my first few deals.

Thanks A Million

I owe you a cup of mojo(black coffee)!

how do I find hard money lenders? - Posted by David O’Connell

Posted by David O’Connell on July 15, 2003 at 13:42:21:

I have purchased many pieces of property and fliped them and have started to grow quickly. How do I find hard money lenders to help me grow?
David O’Connell

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

Posted by Jim Kennedy - Houston, TX on July 15, 2003 at 21:46:26:


Hers’s a list that I’ve posted previously. You might find it useful.

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: how do I find hard money lenders? - Posted by Stewart(Chicago)

Posted by Stewart(Chicago) on July 15, 2003 at 14:17:21:

A great technique that I learned here was to look in the newspaper at homes for sale ads that have, “Just rehabbed” or something like that. Call and see if it is an investor. Ask him to refer you, or go to the court house and look up the mortgage history, if it’s a persons name most likley it’s a private investor or HML.

Good luck,