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Hard money loans make the most sense for short term loans. Fix-and-flip investors are a good example of hard money users: they own a property just long enough to increase the value – they don’t live there forever. They’ll sell the property and repay the loan, often within a year or so.
Hard money loans are a mortgage alternative for borrowers who need fast investment capital, who only wish to hold onto a new property for a short period of time, or who cannot obtain a more conventional real estate loan. They are issued by private investors or corporations instead of by a bank, which allows greater flexibility in setting terms and assessing risk.
Private & Hard Money Loan Profit Calculator Provides An Easy Way To Understand The Most Overlooked Numbers for Real Estate Investors. Use this free spreadsheet to calculate when you’re buying your next fix and flip to know the spread.
A bridge loan or hard money loan from Prime Resource Capital can make all the difference when you are bidding on properties. If the property has sufficient equity, poor credit is often not an issue. We can fund projects based the performance of the underlying asset. Rates and Criteria for Hard Money Loans and Bridge Loans Min: $100,000; Max.
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You can get money fast with a personal loan, but one mistake could cost you a lot of money. This pull on your credit report doesn’t affect your credit score, unlike a "hard" inquiry. A soft inquiry.
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Get direct hard money loans in Los Angeles, California or anywhere in the state for residential & commercial property purchases & refi’s. Interest rates starts at 7.99%. Call: 800-571-0887.
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Hard Money Loan offers Quick Closing, Same-Day Approval and No Credit Check. If you’re in the market for hard money lending, call The Mortgage Specialist.