Getting approved with a traditional lender is a slow process– even with great credit scores and plenty of income. If you have negative items in your credit reports (or an income that is difficult to verify to your lender’s satisfaction), the process takes even longer and you might not ever get approved.
Hard money loans make the most sense for short term loans. Fix-and-flip investors are a good example of hard money users: they own a property just long enough to increase the value – they don’t live there forever. They’ll sell the property and repay the loan, often within a year or so.
Not all private money loans are the same. Knowing what kind of private money loan is most appropriate for your projects prepares you for a successful exit strategy.
At first, loan options may be hard to understand, but when you actually break down the most common loan types, it’s easier to know which is the best fit for project. Whether you’re doing your very first fix & flip or you want to expand your existing property portfolio, you’ll be a savvier, more confident shopper if you know all the options we carry.
Tell us what you need the money for and what you have to offer.
Our team will review your scenario and determine what options are available to you.
Based on your loan selection we can provide you with a pre-qualification letter within as little as 24 hours.
We will provide you with a list of documents we need in order to obtain and verify all your information.
Within 3-5 business days, your loan will be funded and that money will be available for you to use on your project.
To figure out which loan is right for you, you will have to decide what will work best for your financial goals, budget and your assets.
Our goal is to educate you with all the options we have and allow you to use our services to start, expand and/or grow your real estate portfolio.