Houston Hard Money Lender HOUSTON HARD MONEY LOANS . We Offer Hard Money Loans in Houston and Surrounding Areas. Noble’s hard money residential loan program is designed for investors who are buying distressed properties in need of repairs or need a quick cash-out on an investment property.
We provide the fastest closings and best rates on hard money loans in the DC Metro area. Find out how we can help grow your real estate investing business.
Asset Based Lending is a direct hard money lender for real estate investors in NY, NJ, CT, PA, MD, & FL with hard money loans starting as low as 9%. Home of the 2 day close and No-Point loan! Click for more information or to pre-qualify today!
Hard money lenders are very similar to private money lenders. Both can be effective solutions for funding your house flip, offering quick closings on rehab loans for real estate investors. The primary difference between a hard money lender and a private money lender is the focus on the borrower’s ability to repay the loan or the lack thereof.
Most hard money lenders charge 16-18% interest and thousands in up-front fees. By the time you factor in the loan costs, there isn’t any profit left in the deal for you. In addition, hard money lenders have tightened up their borrower requirements over the last few years, so actually getting them to fund your deal is next to impossible!
Hard money loans are made when either the borrower (often a contractor or investor) or the property (perhaps a rehab project) does not fit the typical bank lending qualifications.
The only other alternative in Seattle was “hard money” lenders, and back then he said they “acted and charged like gangsters.” He knew there had to be a better way to serve high-quality,
Simply put a hard money loan occurs when someone puts up money for a real estate project. These types of projects can be single family homes or large commercial properties. We often refer to hard money lenders as private money lenders as they’re essentially the same thing.
GCMAC is a family owned direct hard money lender (not a broker) based in San Antonio, Texas. With more than 30 years experience in equity based lending, GCMAC specializes in financing for individuals and companies whose needs are not fully met by traditional banks.
What Do Hard Money Lenders Look For Most hard money lenders charge 16-18% interest and thousands in up-front fees. By the time you factor in the loan costs, there isn’t any profit left in the deal for you. In addition, hard money lenders have tightened up their borrower requirements over the last few years, so actually getting them to fund your deal is next to impossible!
Hard Money Financial specializes in equity-based first mortgages to investors. The qualifying process focuses on the equity in the property only. As opposed to personally qualifying the borrower. We analyze every deal on a case-by-case basis and approvals are based on the condition and location of the property and the investor’s particular needs.
Hard Money Mortgage Loan Loan Programs. With over 31 years of real estate & private hard money lending experience, we will close your loan fast with the most competitive interest rates and closing costs. We arrange both residential and commercial loans within the state of Florida