Residential hard money loans – Our company arranges Private Equity/Hard Money Loans funded by Private Investors and Pension Funds to Borrowers that are not able to obtain traditional bank financing, due to a Borrower’s credit or income not fitting in the box for the approval standards of the Big Banks or other large institutional lenders.
As private money lenders, we specialize in residential hard money loans. This short-term funding is for investment-level residential real estate only, including rental properties. With our expedited process, investors can close on residential real estate opportunities and then secure conventional funding up to 6-12 months later.
Residential hard money lenders. residential hard money lenders (for investment or owner occupied properties) provide loans that are intended for short-term use only, generally a maximum of 3-4 years. Especially in the case of an owner occupied borrower, residential hard money lenders require that the borrower has a reasonable plan in place to.
In addition, hard money loans can be used for both commercial and residential real estate transactions. Aside from obtaining real estate, hard money loans can also be used for building and land acquisition, real estate development, second mortgage, non-bankable transactions, foreclosure bail-out, and emergency financing, among others.
Residential sale leaseback is ideal for people of all ages who need to access to the money they’ve put into their home. It’s also a viable option for people who are just having a hard time.
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A residential hard money loan is a good alternative to traditional bank financing. This alternative financing is beneficial to the borrower in many circumstances. Below are just a few of the reasons when a residential hard money loan might be appropriate. When is a Residential Hard Money loan appropriate?
Hard Money Loan Requirements How We Determined the Best Hard Money Lenders. Fix-and-flip investors need residential and commercial loans that offer short terms, fund fast, and can be repaid without hefty prepayment penalties.
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California Hard Money Direct Can anyone recommend a reputable hard money lender in the San Diego area? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.