Hard Money Lender Florida

David Di Natale Uncategorized

Florida Hard Money Loan closed for $1,700,000 in 2021 through Capital Funding Financial (Pictured above). Hard Money Lender Florida 12 MONTH TERM | 6.99%+ | CLOSE IN 7 DAYS | 100K – 10 Million+ APPLY NOW  What is a hard money loan? A hard money loan is a loan provided by a lender based solely on the value of the underlying collateral. Where most Florida mortgage lenders base their lending decision on the income and credit worthiness of the borrower… a hard money lender does not! Additionally, hard money loans are usually described as bridge loans or asset based loans used to acquire property or …

Hard Money Lender Florida Plant City 33567

David Di Natale Uncategorized

Hard Money Lender FL Plant City RATES STARTING AT 6.99%* UP TO 80% LTV! 90% LTC! 12 to 24 MONTH TERMS – INTEREST ONLY  NO PREPAYMENT PENALTY*  QUICK 7 DAY CLOSING ONCE TITLE AND APPRAISAL ARE COMPLETE NO VERIFIED INCOME DOCS REQUIRED OR TAX RETURNS NEEDED MINIMUM LOAN AMOUNT OF $75,000. MAX LOAN AMONT UP TO 100 MILLION LENDING AVAILABLE NATIONWIDE N/O/O RESIDENTIAL, BUSINESS USE PURPOSE, INVESTMENT, & COMMERCIAL PROPERTIES ONLY 30 YR Rental loans from 3.75%, Fix and Flip Loans from 6.99% and Commercial Bridge loans from 5.99%! Ground Up Construction loans starting at 6.99% for high leverage and 5.50% at low leverage for qualified investors. …

Hard Money VS Private Money

Hannah Patten Uncategorized

At a glance, hard money loans and private money loans appear to be the same, but they are quite different. Hard money lenders are effectively brokers for short-terms loans, mostly on real estate. On the other hand, private lenders can be just about anyone who has money. A private loan is a relationship-based loan where the lender could be a private company or even a friend or family member.  Private lenders can be tough to find so that being said it takes time and energy to fund them and earn their trust. If you don’t have a track record, it …

Hard Money Drawbacks

Hannah Patten Uncategorized

Hard money is far from perfect. While it does seem simple, an asset secures the loan so everybody’s safe- hard money is only one option. It is expensive, so things have to work according to plan to materialize.  Hard money does work differently from loans you may have used in the past. Lenders typically use more conservative methods to value property than you typically would expect.  As hard money loans are expensive there are other methods that can be pursued. Expect to pay double-digit interest rates on hard money. But, don’t let that deter you from applying for your next …

Why Use Hard Money

Hannah Patten Uncategorized

In previous blogs we discussed what a hard money loan is, we discussed other types of loans, and we discussed what type of loan suits your needs. In today’s blog, we will be discussing why you would need or want to use a hard money loan.  Hard money is expensive, so why would you use it? Hard money has its place for certain borrowers who cannot get traditional funding when they need it. Let’s break it down more.  Speed: the lender is mostly focused on collateral so hard money loans can be closed quicker than traditional loans because they typically …

Special Considerations for Hard Money Loans

Hannah Patten Uncategorized

The cost of a hard money loan to the borrower is typically higher than financing available through banks or the government lending programs, reflecting the higher risk that the lender is taking by offering the financing. However, the increased expense is a tradeoff for faster access to capital and potential flexibility in the repayment schedule.  Hard money loans may be used in turnaround situations, short-term financing, and by borrowers with poor credit but substantial equity in their property. Since it can be issued quickly, a hard money loan can be used as a way to stave off foreclosure. 

Special Considerations for Hard Money Loans

Hannah Patten Uncategorized

The cost of a hard money loan to the borrower is typically higher than financing available through banks or the government lending programs, reflecting the higher risk that the lender is taking by offering the financing. However, the increased expense is a tradeoff for faster access to capital and potential flexibility in the repayment schedule.  Hard money loans may be used in turnaround situations, short-term financing, and by borrowers with poor credit but substantial equity in their property. Since it can be issued quickly, a hard money loan can be used as a way to stave off foreclosure. 

Loan VS Line of Credit: What is the difference?

Hannah Patten Uncategorized

Both Loans and Lines of Credit are two ways to borrow money from lenders for both businesses and individuals. For both, lines of credit usually depend on their intended purpose, a borrower’s credit rating, and financial history, along with their relationship with the lender. Loans have what is called a non-revolving credit limit, which means the borrower only has access to the amount loaned once, whereas they subsequently make principal and interest payments until that said debt is paid off. On the other hand, a line of credit works differently. Just like with a credit card the borrower receives a …

How To Be The Best Real Estate Agent

Hannah Patten Uncategorized

The competition for real estate agents is certainly at an all-time high. Nowadays you need both Digital and offline marketing skills to make a serious impact in your area. However, many key strategies can be implemented to expand your real estate business:  Understanding Your Market  This is probably the most important strategy for any real estate agent. You must know your target market inside and out, that’s why an agent should focus on a specific niche rather than being a jack of all trades. If you know what makes your target audience drive to purchase you can sell more properties.  …

How the Home Office Demand is changing Real Estate

Hannah Patten Uncategorized

Needless to say that 2020 has certainly thrown us a few curveballs. The pandemic has affected nearly every person, every business, and every industry in one way or another. For those in the real estate business, there is now a sudden increase in demand for home offices. Will this trend last and what kinda long-term impacts will this have on the real estate industry? Home offices are certainly not new but they are quickly becoming the new norm. While many businesses have already considered remote working for a long-term period this has been a hectic job for many in the …