Real Estate Lending with John Femenia

Hard money loans have become a popular financing option for real estate investors looking to fund their projects quickly and efficiently. Unlike traditional bank loans, hard money loans are typically provided by private lenders or investor groups and are secured by the property itself. This article aims to provide a comprehensive guide on how to effectively use hard money loans to invest in real estate. 1. Identify the Right Opportunity: Before seeking a hard money loan, it is crucial to identify a viable real estate investment opportunity. Conduct thorough market research, analyze property values, and assess potential returns. Look for properties that have the potential for appreciation or can generate positive cash flow. 2. Find a Reputable Hard Money Lender: Research and identify reputable hard money lenders who specialize in real estate investments. Look for lenders with a track record of successful deals, transparent terms, and competitive interest rates. Seek recommendations from...

We recently closed a $4.3 million fix and flip loan for a property in Sands Point, NY.   This was one of our larger loans for single family residences (SFR).   Typically, our fix and flip loans for SFRs are capped at $2 million, although lending in high price cities has lead us to increase our loan limit for SFRs recently. What made this deal different?  There were a few things.  First off, this was a unique property.  This property was situated on 7.5 acres in prime Gold Coast waterfront property.  For those of you who don't know, the Gold Coast of Long Island the North Shore of Nassau County.  This area was made famous in F. Scott Fitzgerald's  The Great Gatsby.   The combination of the area's beauty and it's close proximity to NYC makes it a very attractive place to live.  The median income in the area ranks amongst the highest in the nation.   We were quickly able to get comfortable with value given the properties...