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BACF Inc. has a number of great sources for hard money loans.
Most of these are private money lenders, and a few are considered institutional hard-money lenders. Rates range from the mid nines to the high elevens, typically.
We will make every effort to keep our fees at 1-2 points; and we try to work with lenders and investors who charge 2-3 points. If you have been quoted 6 or more points then you are likely paying too much.
Presentation of difficult hard money loans is a specialty of ours and a key to our success in this era of high demand for private money.
Please complete either the residential (if 1-4 unit lot) or commercial (if 5+unit lot or lots) application provided.
1003 letter size.pdf (residential)
BACF Commercial Loan Application.pdf
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