Posted by Troy T on January 12, 2004 at 22:46:08:
Looking for a private investor/hard money lender that doesn’t care about my credit–just the deal–to write me prequalification letter based on the equity of the property. Here’s the prequal letter that Steve Cook used on over a hundred deals–I changed the name to mine:
To Whom It May Concern:
This is to confirm that Troy Taylor has been pre-qualified for a purchase/rehab loan for a single family residential property based on a 70% loan to value appraisal, but with no cash out. This pre-qualification is good for 60 days from the above date and is renewable by mutual written consent.
As always, final loan commitment is subject to the appraised valuation of the property by an appraiser chosen by our firm.
Thank you for your cooperation.
Sincerely,
Mr. Hard Money Lender