(See also: How to Value a Real Estate Investment Property.) There are several good reasons to consider getting a hard money loan instead of a conventional mortgage from a bank. Here are the main.
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With over 30 years of experience, the loan officers at Maxim Real Estate Group Inc. have been helping real estate investors obtain quick, reliable and hassle free funding for their real estate projects. Get in touch with us today to see your real estate portfolio grow.
Hard money loans refer to financing provided by non-institutional lenders. advantage in your quest to fund your real estate investment project.
As a full-service Private Money lender for real estate investors, we do most of the leg-work for you, while you build up your real estate portfolio and cash-flow all your deals. Whether it’s for wholesale, rehab, or buy and hold for long-term cash investment deals, Cogo Capital delivers fast and easy access to Private Money.
LendingHome is a modern mortgage lender. We offer short-term hard money loans, and easy access to a portfolio of high-return real estate investments.
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 by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%,  because of the higher risk and shorter duration of the loan.
What is Residential Hard Money Lending? The definition of “residential hard money” when referred to in real estate financing, is essentially a non-bankable loan on an investment single family home (or duplex).The name residential hard money is frequently interchanged with “no-doc”, private loans, bridge loans.
Hard Money Loan Requirements Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.
But now, zero down payment loans are back, but for real estate investors only. hard money sources, which connects borrowers and lenders in the private investment and hard money marketplace, announced.
If no hard money lenders are present at the meeting, ask other real estate investors if they have a hard money lender they can recommend. real estate brokers, conventional mortgage brokers and other real estate professionals may be able to refer an experienced hard money lender.