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A hard money or private money real estate loan is based on the deal. Without the deal in place there is nothing for a lender to lend on. Lenders cannot write blank checks for the property you saw on Zillow and think it is a good deal. The deal needs to be vetted and approved before any funding can be considered.
The rates vary from lender to lender and deal to deal. We work with lenders with rates starting at 4.45% and go up to 15%. The rates can't be predetermined until we have all deal and borrower details.
There is not a "pre-approval" process like you would find in a traditional loan. The loans and rates are based on the deal.
Yes 100% financing does exists however it is for very specific cases. Typically you will get 70%-85% of your purchase price and 100% of rehab cost on a fix and flip.
You very well could spend your time searching for your own lender. It is a very time consuming process finding a lender that matches the need for your specific property and situation. As a broker I have access to special rates from lenders as well as an expertly curated list of lenders for all types of investors and property needs. I work 1 on 1 with you to make sure we have the right lender for your deal from start to finish.