A Guide to Hard Money Loans – If you’re looking for a quick and easy way to get funding for your next real estate project, a hard money loan may be the perfect option for you. At our company, we offer hard money loans to help real estate investors get the funding they need to grow their businesses.
We offer competitive interest rates and flexible terms, so you can get the money you need without putting your business at risk.
What is a Hard Money Loan?
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property.
Hard money loans are typically issued at higher interest rates than conventional commercial or residential property loans and are rarely issued by banks or other traditional lenders.
Hard money loans are typically funded by private investors or companies. Hard money loans are often used by developers to finance fix-and-flip properties, or by investors to quickly purchase and renovate a property before selling it for a profit.
While hard money loans come with a higher cost than traditional loans, they can be a valuable financing tool for investors who can secure them.
Who Needs a Hard Money Loan?
A hard money loan is a great option if you need fast funding and don’t want to go through the hassle of getting a traditional loan. Loans can be secured in as little as 5 days.
Our loans are designed to help real estate investors get the funding they need to grow their businesses.
Are Hard Money Loans Flexible?
At first glance, hard money loans may seem inflexible and restrictive. Compared to traditional loans offered by banks and financial institutions, these loans tend to have shorter terms and higher interest rates.
However, despite their reputation for being rigid and unforgiving, hard money loans are quite flexible and adaptable to a wide variety of situations. For example, many hard money lenders allow borrowers to pay back the loan early without any penalty fees or additional interest charges, making it possible to save money in the long run.
Additionally, some lenders will work with borrowers who are experiencing unexpected setbacks or financial crises by adjusting the repayment schedule on a case-by-case basis.
Overall, despite their reputation as difficult and unforgiving forms of credit, hard money loans can actually be quite forgiving and responsive to various situations.
How to Get a Hard Money Loan
If you’re looking to get a hard money loan in Orange County, or a hard money lender in Los Angeles that’s licensed in California, there are a few things you’ll need to know.
First of all, hard money loans are typically given by private lenders, not banks. That means the application process is a bit different.
You’ll need to find a reputable lender and fill out an application. Be sure to include detailed information about your property, as well as your plans for the loan proceeds.
In most cases, you’ll also need to provide collateral – typically in the form of equity in the property you are buying or another property.
The good news is that hard money loans tend to be easier to qualify for than traditional loans. So, if you have the opportunity to flip that once-in-a-lifetime house or buy that block of units to refurbish then contact us to get a hard money loan in Orange County.
Apply for a hard money loan today and get started on your next project!
