Gentry Real Estate Group – Buy Low AZ Team

Uses six Phoenix-based hard money lenders. Lending criteria does vary from lender to lender. However, we do ask borrowers to plan for the following:

  • Up to 70-80% LTV (Winning bid amount)
  • 20% to 30% of purchase price down payment
  • Lending Fees up to $1000
  • 18% per annum (APR)
  • Three to six month notes
  • Monthly interest payments
  • Capital requirement of at least $100,000
  • Some previous knowledge and experience with investment real estate

Hard Money

As stated under the Place a Bid section, include in the notes whether hard money is required. If your bid is successful, our office will contact the lenders and provide them with the following information:

  • Information regarding the property purchase
  • Property address
  • Purchase price
  • Trustee
  • Trustee sale number
  • Lot legal
  • Tax parcel

Buyer Information

  • Vesting
  • Buyer address
  • Buyer phone
  • Buyer email
  • Any LLC documents if vesting in a company name
  • EIN or Social Security number