Money questions are usually the second thing investors ask about Greenwood, right after “is there a deal here?” These answers cover the basics.
I’m not a lender. Nothing below is a rate, a term or a recommendation, just the options investors use and the questions that protect you.
For the full guide, read hard money lenders in Greenwood SC. If you’re funding a rental, the Greenwood rental guide covers the hold side. And if you want experienced investors to look over a term sheet, join REI Skool for free.
Straight answers
Does Ben Lovro lend money in Greenwood SC?
No. Ben is a real estate investor and borrower, not a lender. This is education about funding options. He doesn’t make loans or recommend particular lenders.
How do I find private money lenders in Greenwood SC?
Private lenders are usually people who already know and trust you. Build relationships by showing your process and underwriting. Any private loan should be documented by attorneys and secured by the property.
What's the difference between hard money and private money?
Hard money typically comes from a company that specializes in short-term investor loans. Private money typically comes from an individual. More on private money lenders.
Will lenders finance small multifamily in Greenwood?
Some will and some only lend on single-family homes. Ask directly before you apply, and ask how they handle a building with units in different condition.
What should I ask a hard money lender?
Ask whether they’ve lent in Greenwood County, whether they’ll fund heavy scopes, how draws work, every fee, extension terms, prepayment penalties and whether you can use your own closing attorney.
Can I use a DSCR loan on a Greenwood rental?
Investors commonly use DSCR loans to refinance renovated rentals. They qualify largely on whether rent covers the debt payment. See DSCR loans.
Can I raise money from several friends for one deal?
Be careful. Raising or pooling money from several people can raise securities law issues. Talk to an attorney before you take anyone’s money.