New Mexico Hard Money Lender
Hard money loans are essential when you have a real estate investing business, DoHardMoney.com wants to be your New Mexico hard money lender! We fund up to 70% of the ARV, and we can fund your fix and flip, your rental property purchase or your refinance. Whether you are new to real estate investing or an old hand we have loan options for your next investment. Give us a call!
Fix and Flip – Refinance – Buy and Hold – New Construction
No Experience Required
No Minimum Credit Score
Interest rates starting at 7.99%
Loans from $50k – $5M
No prepayment penalty
Up to 100% advance on rehab costs
The DoHardMoney.com staff is excellent and very professional.
New Mexico Hard Money Loan Terms
Get your hard money loan from DoHardMoney! We’ve begun lending in New Mexico and we want to hear from you.
Multiple Deals
YESYes. We allow you to do 3 deals at a time, enabling you to stay busy and rake in even more profit at a faster pace.
Experience
NONEMany other lenders either won’t lend to you or will jack up their prices unless you have prior experience, but we’re all making profitable real estate investing accessible to anyone.
Credit Score
NONE (No Judgements/Get Credit Partner)None. A bad credit score will affect your points and interest, but because we lend on the property’s after repair value it won’t keep you from getting a loan
Interest Rate
7.99-15%+ (Annual)Our interest rates of 7.99-15%+ annually fall pretty middle of the road. We are not the cheapest, nor the most expensive, but our 100% financing options allow you to leverage our money.
Purchase Price
75-100%We will cover 75-100% of the purchase price.
Advance on Rehab Costs
50-100%We will provide 50-100% advances on rehab costs.
After Repair Value
60-70%We lend up to 70% of the ARV. We will fund everything but earnest money as long as it fits within 70% of the ARV.
Property Type
Single Family Residences, Duplex, Multi FamilyWe will lend on a variety of different properties including single family residences, duplexes and multi-family.
Refinancing
AVAILABLEYes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.
Fix and Flip
AVAILABLEFix and flip options are available.
Rental
AVAILABLERental options are available.
Construction
AVAILABLEConstruction is available.
Refinancing
AVAILABLEYes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.
Fix and Flip
AVAILABLEFix and flip options are available.
Rental
AVAILABLERental options are available.
Construction
AVAILABLEConstruction is available.
New Mexico Real Estate Market Statistics (2015)
New Mexico is known as the “Land of Enchantment,” and for good reason. This gorgeous state is filled with beautiful forests, canyons, historic trails and exciting caverns. New Mexico also has many charming and safe neighborhoods as well as preserved native pueblos which are popular among tourists. New Mexican home values have grown 0.7% over the past year. New Mexico is a particularly good state to take advantage of numerous foreclosure deals. You can purchase these properties at incredible discounts and resell them at higher margins. According to the Albuquerque Journal, “residential real estate is starting to show some improvement over the last year,” so if you jump on these investment opportunities now, you will be able to see an excellent return on your New Mexico investments.
Purchase Price
Gross Margin
Number of Houses Flipped
% Change in Houses Flipped
