Hard Money Loan Florida Fort Lauderdale What is hard money loan? A hard money loan is a loan given to your borrower from a lender based chiefly on the value of the underlying collateralized asset. Traditional banks and lenders focus mainly on income and the credit of the borrower where asset based lenders aka hard money lenders focus primarily on the worth of the asset being used as security for the loan. Where conventional loans are usually for 15–20 year durations, hard money loans are used as a temporary option (1–3 years commonly) as a bridge to acquire a rehab, or stabilize …
Hard Money Lender Florida Naples 34116
Hard Money Lender Naples RATES STARTING AT 7.99%* POINTS AS LOW AS 1.75* (DEPENDS ON THE RISK AND LOAN AMOUNT) 1-3 YEAR TERM – INTEREST ONLY UP TO 75% LTV BASED ON THE PURCHASE PRICE OR APPRAISAL 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 $100,000 UP TO 25 MILLION LENDING AVAILABLE NATIONWIDE ON COMMERCIAL LOANS N/O/O RESIDENTIAL, BUSINESS USE PURPOSE, INVESTMENT, & COMMERCIAL PROPERTIES ONLY APPLY NOW HARD MONEY LOAN NAPLES APPLY NOW What is hard money loan? A hard money loan …