Hard money lenders take a different approach: they lend based on collateral securing the loan, and they are less concerned about your ability to repay. If anything goes wrong and you can’t repay, hard money lenders plan to get their money back by taking the collateral and selling it.
Hard Money Land Loans Hard Money Loans For Rental Property "I just wanted to say thanks again for working hard to get me the loans on my two rental properties in Louisiana. I was able to use that money to buy and flip a really nice home here in Richardson, TX. You guys made it possible!!"LTV (Loan to Value) Our hard money land loans will generally not exceed 50% of the value of the property. Loan Term. We’re flexible, however the term of our land loans will generally not be longer than 2 years. interest rate. Our interest rate can be as low as 8%, depending on the property, the location, the LTV, maturity date and the borrower.
Hard Money Lenders: Investment Residential- Commercial- Fix & Flip- rentals- rehab loans- construction- bridge Loans HARD MONEY BANKERS is a full service and self-funded private/hard money lending company providing fast and flexible financing for residential and commercial investment real estate deals.
Kenwood Mortgage Investments, Inc. is a non-bank private money lender located in North Scottsdale and has been providing real estate loans for all types of investment properties since 1992. The principals of Kenwood Mortgage have more than 65 years of combined experience within the real estate, lending and banking industries.
Thrive Lending are private real estate lenders providing commercial and residential hard money loans for rehab and new construction properties. Relationship-Based Lending 512.394.7114
No matter how the real estate market fluctuates, one thing remains the same – real estate investors need money to fund their projects. Hard.
How To Get Hard Money Loan Okay, so you have taken out an online loan and spent the money on something. What if I don’t have the money? Oh no, this will create a problem. You need to get in touch with your credit provider.
Currently, fix and flip projects are all the rage and many of these groups turn to hard money lenders to back them. They may pay a premium to secure the financing, but it enables them to be a cash.
Flexible Terms: Construction loans from a hard money lender can be tailored quickly and effectively to your project’s specifications. Whereas a bank has loan terms and guidelines that are often set in.