Short-term Private Financing
Our short term private money offerings are designed to make real estate investment endeavors easier. We have extensive experience of financing in trustee sales, fix and flips, bridge loans, 1031 exchanges, foreclosure purchases, and short sale transactions.
COST
Every dollar counts when investing in real estate. That is why we have created our short-term hard money loans with one low fee. The cost is a flat fee and not a percentage of the loan amount. Just one fee. No points and no other loan or lender fees.
SPEED
In addition to low costs, our privately financed investor loans can fund within 2 to 3 business days. We do this to ensure you can negotiate the best deals on your investment property purchases and purchase foreclosures at a trustee sale.
NEEDS
Getting an investment loan closed with the least amount of paperwork possible is important when creating a good investor loan experience. Here are the items we need to close a loan:
– Loan Application – can be done online or over the phone
– Evidence of Insurance
– Preliminary Title Report – from the title company of your choosing
– Credit Report – we pull this at the time of application. NOTE – there are no credit score requirements for these loans.
– Articles of Incorporation and Signing Authority for Entity – this is only needed if you are obtaining the loan in the name of a business.
Additional items may be required depending on the project.
RATES & TERMS
Each of these loans has an interest only repayment with payments due on the 1st of the month. Rates on these loans are higher than traditional conventional loans. These are short-term loans that are not meant to be held for an extended period of time. We do not recommend these loans for long-term rental real estate investments. To see what a rate may be on an investment project you are working on – contact us today.
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