Hard Money Loans
Posted by HardMoney in Hard Money Info Wednesday, 13 January 2010 16:28 12 Comments
Commercial Hard Money Loans
Real estate investing is one of the most everyday uses of hard money funds. Real estate investing is a hard cash intensive financial interest. In order to take advantage of ongoing projects, investors often require extra operating funds than conventional banks are prepared to provide on brief notice.
When regular financing takes too slow or is not obtainable due to low FICO scores or more or less other grounds, most hard money loan programs can be a deal saver. Alternatively, the properties that can be had for an advantageous price may not meet conventional banking criteria. If you invest in a lot of property, your FICO score can plummet simply due to the number of mortgages you owe! In either case, hard money lenders are not restricted in the same way that conventional banks are and Hard money lenders can turn on a dime. Financing for real estate investing can take anywhere from one to six weeks or monthsto be completed by predictable banks and lenders. Hard money lenders can in general fund in two weeks from the point in time you have all the paperwork in place.
Hard Money loan programs can in addition fund projects that conventional banks cannot. If your real estate investing takes you to the realm of dry cleaners, gas stations, or even assisted living facilities (one of the newest growing real estate markets in the US), conventional banks are not likely to be able to fund your project. Hard money loan programs can. Here are a few types of hard money loan programs we can help you find.
- Asset Based Loan Program
- Asset Monetizing Program
- Hard Money Bridge Loans
- Bulk REO, Portfolio, Tape, Purchase Program (NEW)
- CD Collateral Loan Program
- Development Loan
- Hard Money Acquisition Loan Program
- In Ground Asset Funding Program
- Joint Venture Program
- Letter Of Credit Program
- Jv Fuel Transaction-Financing Program
- New REO Program
- Mezzanine Financing Program
- Small Balance Hard Money Program
- Stocks Loan Program
- Super Jumbo Residential Loan Program
Plan to use hard money as a bridge loan. This should provide ample time to prepare the property or your personal financial status to arrange for long term conventional financing or to arrange for the sale of the property in question.
Get a Hard Money Loan Today
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DingoDogg
Are you looking along the lines of a blanket loan? And what would the purpose of the loan be for?
I would like to know if you would allow several properties to equal the $250k minimum?
Hi Carl i will send you what we will need to get an approval.
Need $200,000.00 for Tenant Improvements for 3 new tenants at a Supe WalMart shadow Center. Need funds for 2 years when Center is scheduled to be sold.