With over 15 years of experience in all areas of lending including hard money lending, we are able to offer our clients an access to specialized loan programs ranging from $300,000 to most any size . Our team has the experience to process and place with the best lender all types of fast hard money loans, including large and small acquisition loans, bridge loans, mezzanine loans and financing, asset based, construction loans and more. If you need hard money financing, let our highly experienced team get your project funded and closed......FAST.
Hard-money lenders offer high-interest, short-term loans to borrowers who can’t get traditional bank financing, including investors and people with spotty credit. The interest rate can be in the high teens — compared with less than 5% for bank mortgages — while the length can be as short as a few months. Hard-money lenders don’t focus much on a borrower’s credit scores. They care more about asset valuations and loan-to-value ratios. Many lenders won’t lend more than 50% to 70% of the property’s value, while banks will lend as much as 80% and government-backed loans can go as high as 96.5%. Because there is little bureaucracy when compared with big banks, deals can be approved and closed in just a few days.
Hard-money lending can be a valuable tool for a borrower who can not qualify for conventional bank financing. This is especially true in the today's credit-tight environment. If you need to capture a profit opportunity and the time is of the essence, hard-money or bridge loan may be an answer to the problem.
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