Wisconsin Hard Money Lending
The Wisconsin real estate market is one of the hottest out there and Do Hard Money is here to fund your next lucrative deal. We will help you get a Wisconsin hard money loan fast for your next REI deal or refinance property.
Do Hard Money will approve your asset-based loan completely by assessing the property not you as the borrower. A true hard money lender will base your loan approval on the investment property and the overall quality of the deal. Once we’ve evaluated the property, the LTV (loan to value) ratio of the deal will determine your loan amount. This loan amount, combined with our gap funding resources, can make it possible for you to get 100% Financing on your deal.
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Very impressed so far. With this much support, I feel very confident that I will be successful.
Loan Terms
Due to excellent market conditions, we are able to offer state-specific loan terms for the state of Wisconsin.
100% Financing
YESIf your deal is good enough we will cover 100% of the purchase price, rehab, and closing costs, points & interest.
LTV Basis
ARVOur max loan amount is based on the after repair value, not the current value or purchase price. If the numbers line up, we will fund it.
Maximum LTV
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.
Max Loan Amount
$250KOur max loan amount is $250,000. For the markets we currently lend in, we’ve found this to be the sweet spot for real estate investing.
Minimum ARV
$70KOur minimum ARV to lend on a property is $75,000. If it’s less than that there is just not enough profit to make it worth the effort for either party.
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.
Interest Rate
1.25%/MOOur interest rates of 1.25 – 1.50% per month 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.
Origination Points
5.5%We take on significant risk in offering 100% financing and our points of 5.5% – 6.5% is what keeps us in business.
Max Loan Term
5-MONTHSThe default loan term is set at 5 months, but we do allow up to three 1-month forbearance payments equal to 1.0% of the loan if you need more time.
Monthly Payments
NONEWith no monthly payments during the initial loan term you can focus 100% of your time on rehabbing and selling the property.
Minimum Credit
NONENone. 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
Min Cash-to-Close
$0.00We do not require a down payment on the property. If everything fits in 70% of the ARV you can come to the closing table with $0.00.
Pre-Pay Penalty
NONEWith no pre-payment penalty, fixing and flipping the property in a shorter amount of time can only deepen your pockets.
Required 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.
Gap Financing
ALLOWEDWe allow gap financing in the form of business lines of credit to help with cash-to-close when everything doesn’t fit in 70% of the ARV and we can help you get up to $100,000 in as little as 30 days.
Foreclosure Protection
PROPRIETARYNobody else looks out for you like we do. We offer proprietary protection that nearly precludes the possibility of a foreclosure on your records even in the worst-case scenario.
Refinancing Available
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.
Full Disclosure
YESUnlike a lot of other lenders who hide the full cost of the loan until it’s too late… we want you to know what you’re getting into and disclose ALL costs upfront.
Wisconsin Real Estate Market Statistics (2015)
Known as “America’s Dairyland,” Wisconsin is full of natural beauty and historic landmarks. With its plentiful rivers, charming towns and excellent economy, Wisconsin has risen in popularity over the recent years. Over the past year alone, the average home value in Wisconsin has risen 4.2% and the average gross margin for home sales has rested at $63,650 in profits. This is an ideal time to invest in Wisconsin fix and flip properties. According to the Milwaukee Journal Sentinel, “Wisconsin’s housing market is having its best year in more than a decade, with both sales and prices on a steady rise.” There are many properties which can be found at lower prices in Wisconsin and as housing prices rise, your return on investment will grow exponentially once you sell the property.