That's why I personally started
with Hard money lenders because they know how to accurately assess real estate deals.
As one of the premier
hard money lenders for real estate investors, our borrowers can rely on us to quickly finance their real estate deals and help them grow their business.
As a
direct hard money lender with immediate access to capital, we are the decision maker and have the ability to move quickly.
Buyers and sellers alike don't want the rug pulled out from under them, so many turn to
private hard money lenders as a more trustworthy source for funding.
Even though the amount of interest rates that they are charging for loan is quite high, there are actually a lot of advantages you can get
from hard money lenders.
Source Capital
hard money lenders don't put your financial history at the center of the approval process.
But you can get the loan you want, even with bad credit, from good and trustworthy
hard money lenders like Source Capital.
While the best commercial real estate loans can have interest rates as low as 4 % or 5 %, loans made
by hard money lenders can have rates of 10 % or more.
The after repair value will also be considered in the transaction if you are dealing with
residential hard money lender whereas the regular lender will exclude it.
Many hard money lenders put on their web site that they will go up to 65 % (sometimes slightly higher) of «appraised value».
Other hard money lenders in Long beach get a bad reputation for hiding conditions and failing to be honest about their loans and clients.
Other
hard money lenders offer loans up to a year, but with Source Capital, your loan can extend up to three years so you have time to complete your project.
If they were working with a
local hard money lender they could get in the car drive over together and look the deal over shake hands and have a deal.
A reliable and
experienced hard money lender should have no problem pointing a potential borrower to positive reviews and testimonials from satisfied clients.
Hard money lenders get funds from private investors (or fund the loans themselves) who expect a higher interest rate due to the increased risk taken on by the lender.
There are numerous
hard money lender lists available to help borrowers find private lenders, with some organized by state or region for convenience.
In other parts of the country there may only be a
few hard money lenders who are able to service the area and they may be more difficult to find.
We are an asset -
based hard money lender, so we care more about the value and potential of the property you're investing in than any imperfections in your past.
They should be able to recommend a
reputable hard money lender with experience or be able to reach out to their network to find one that comes highly recommended.
Most people need extra capital and are reluctant to tie up all their money in a deal, which is
where hard money lenders come in.
In general, private money lenders tend to limit their loans to business associates and personal contacts
while hard money lenders offer loans to any borrower that fits within their requirements.
Although hard money lenders also keep the property as collateral before lending the amount to the investors, but they never consider the investor's credit.
Private
hard money lenders rarely pull out their loans, so the seller can rest assured that they can close escrow and get money fast.
Unlike hard money lenders, soft money lenders will place greater weight on your creditworthiness and the strength of your application.
When finding the
right hard money lender, it is best to start on a statewide search and work up to a national scale if needed.
Phrases with «hard money lender»