Has anyone found any legitimate lenders? I have found 3% loans needing upfront ap fees, which is a waste of time. I am not looking for 100% financing. I have free and clear collateral worth $100,000. Looking for approx. $210,000 to purchase positive cash flow real estate in Myrtle Beach, SC. I found one legitimate lender offering 15% and 5 points. Are there better deals out there or is this about the best that I'm going to get. Any insight or suggestions would be appreciated. Please email damenps@hotmail.com.

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Hello Peter, 

I've been a Hard Money Lender/Broker since 1990 in Northern California and along with my wife own a small Real Estate & Mortgage business.  I can not lend outside of California but have 2 possible referrals I'll email you, of legitimate lenders who should be able to get you a better rate.  

Best, Forest - The Guy in the White Hat

Hey Forrest,

Hope all is well. Just wondering if you have come across anymore legitimate lenders. I had a deal ready to close, then the lender raised int rate from 9.75 to 12.9, points from 3 to 6 and wanted $2500 upfront to do appraisals when originally didn't need appraisals. Now I am looking for a new lender. Thanks, Pete.

Peter, your email addressed bounced back so I'm just passing along the info here: 

Bob Worthington of APEX Mortgage (you must have a 600 minimum credit score) = 1-800-262-2739 ext 208.

Brian O’Shaughnessy of Athas Capital Group = 1-877-877-1477 ext 555.

Then I’ve spoken with the CEO of “Dohardmoney.com”, Ryan Wright, as well as reviewed his LinkedIn profile and testimonials and he seems to have built a pretty good business and seems to be a good guy.  You could try him if either of the above don’t work out for you:  1-800-284-0076.


Good luck.

Forest - The Guy in the White Hat

Thanks for the contacts Forrest. I have a call into Ryan Wright and Bob Worthington. Brian doesn't do residential.

You are welcome and thanks for the update on Brian. 

Best, Forest 

Also, Worthington does commercial only, some residential, 4 plexes, etc. Wright does fix and flips, 6months. I am looking to buy and hold 3-5 years. If you come across anyone else, let me know. Thanks again and i would have no problem paying a finders fee if I close a loan from your referral. Happy New Year.

Sorry about that.  The only other guy I've come across that does multiple states is Marc Rabkin of Rodeo Capital phone #310-927-8200.  Try him out and hopefully he'll be able to help. 

Best, Forest

Hi Peter,

I Am a Direct Lender.  You can call me at 347-77-0189 Mondays Through Fridays from 10am Est to 5pm Est.


Hello To All,

    I wanted to introduce myself and my Company which is Cyprus Associates ,  I am in the process of launching Cyprus based on my History in the Medical Staffing Industry for the last 25 Years !  Throughout my Journey I have formed connections with a plethora of Professionals which are either in the Financial Investment Arena ,  or who have Incredible Developments or Projects in which they seek Investors .   I am a magnet to People and love collaborating with ALL who are seeking Funding or in search of Investments...

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Maybe we can help. Check out my site, and fill in the information at the right. Hope we can get it done for you.

Charles A. Smith

Go To: http://724.getthemoneyyouneednow.com/

On a deal that small that is probable the best you are going to get. If you have any larger deals I can work with you. We typically cant do anything below $1 million in the CMBS world. 

Sorry Peter but I don't have another referral for you.  Darn. 

Best, Forest


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