A hard money loan is a short-term loan primarily used for real estate transactions and contrary to a popular myth it’s not because it’s "hard" to get. Traditional real estate loans like a personal mortgage are based on the borrower’s personal ability to repay the loan.
Hard Money Lenders Houston, Texas Sterling Investor Capital has the answers to all of your hard money lender needs in Houston, Texas. We are able to finance loans which have been turned down by banks and help you out in many financial situations in which a loan would otherwise be denied.
Hard money construction loans for Business and Residential Property. Hard Money is used by many business owners who are looking relocate their offices, because of rising taxes: the need for expanded parking, or customer demographics indicate a shift in where most buyers are coming from.
Hard money lenders, including LendingHome, focus on the property more than the borrower. They look at property condition, expected rehab costs, expected ARV, and the neighborhood. They have a minimum FICO score and finance investors of every level, from first-time flippers to the most experienced professionals.
Prime Bridge, which started operations in 2011, provides an alternative to private/hard money and commercial bank loans for fix-and-flip residential real estate investors, most of whom renovate.
For a residential hard money loan, the underwriting decisions are based on the borrower’s hard assets. In this case the residential investment real estate would be used as collateral (via a first mortgage) for the transaction. residential hard money closes quickly (in as few as 3 or 4 days depending on the circumstances).
How To Get Hard Money Loans · A hard-money loan can have interest rates in the teens, require a down payment of 50% percent or more, and require higher rates and fees compared to traditional forms of financing. Private loans are usually issued only for the time needed to buy, repair and sell the property.Hard Money Lenders For Land Hard Money Lender / private money lending, Bridge Loans / no-doc loans on residential investment and commercial properties. Direct Lender- We are the money. No upfront fees. honest Answers & Quick Closings in GA, CO, and FL
And without significant investment in better standards, systems, policies, and tools, every day the market functions is a day.
Commercial Hard Money Loans Fairview Commercial Lending is a privately funded direct hard money lender We are Hard Money lenders that offer fast, flexible, Private Money and Bridge loans on residential and commercial investment properties in Georgia, Colorado, and Florida. We portfolio our loans and provide honest answers quickly.
Rehab loans: We make loans for the sole purpose of rehabbing property. Whether you plan to keep the house as a rental property or resell the property, The Hard Money Company will be here to make your loan for you.