Posts Categorized: Private Money Loans

If you’ve ever encountered roadblocks with obtaining traditional bank loans for real estate investments, hard money loans might be the solution you need. These loans are backed by the value of the property itself rather than your credit score or financial history, giving you quicker access to capital. Here are a few key benefits of using hard money loans for your real estate investments. Quick Approval and Fast Funding With traditional lenders, you might spend weeks—or even months—waiting for loan approval. Hard money lenders, on the other hand, approve your loan much faster. This speed can give you an edge in competitive real estate markets,…
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If you are ready to apply for a commercial loan, you should ensure you know the best ways to get approved for one. You can increase your chances of getting a commercial loan in many ways. Property loans are common, and you should be able to find the guidance you need from realtors. Realtors help many individuals with loans for commercial properties, homes, and properties that need to be flipped to be successful. In 2016 over 6% of homes sold were the result of flipping. This was the highest percentage in 10 years. There are many different types of properties you can invest in. You…
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Are you struggling to obtain a loan because of bad credit? You’re not alone. Many people have credit problems at times, and it can be not easy to find a lender willing to work with you. The good news is there are a few alternative options that you can explore. Below are a handful of options if you need a loan but can’t get approved because of bad credit. Private Money Lender One option to consider if you’re struggling to get approved for a loan is a loan from a private money lender. These lenders are typically private investors who specialize in providing loans to…
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Applying for a loan when you need it and being denied can cause both frustration and anxiety. According to ARC Private Lending, poor credit scores plague nearly 68 million Americans. If you can’t get a conventional loan from a bank, it’s good to know there are alternative lending solutions, including hard money lenders. Hard money lenders can step in and provide a loan when many banks can’t or won’t. Looking for alternative types of financing can help relieve you of your frustration at being denied a loan. Plus, securing the money you need can ease your anxiety and solve your financial challenges. If you’ve been…
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Many people across the globe have aspirations to venture into business. The Small Business Administration reports that investors started one million small businesses between 2019 and 2020. For these businesses to get off the ground, they need one common factor – money! And this is what creates the difference between entrepreneurs in business and those in waiting. Supposing you are in the latter category, you’d probably want to know how the former got funding to launch their businesses. If that’s so, this post is entirely yours. It explores some viable ways through which most startup entrepreneurs get startup capital. Savings As evidenced by the Gallup…
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There are many different types of mortgage loans. One of the most popular types is residential owner occupied loans. These types of loans cater to a specific type of borrower. Are you eligible for residential owner occupied loans? Find out now. What Does Owner Occupied Loans Mean? Residential owner occupied loans simply mean that at least one of the borrowers on the loan documents lives at the mortgaged property. For some loan programs, the borrower must live in the property for the duration of the loan. Other loan programs set a time frame for how long a borrower must live in the property. What If…
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It is common for people to ask “what is a hard money loan?” Well, a hard money loan is a type of finance granted to real estate investors by individuals or non-banking institutions. It does not necessitate extensive credit checks because it is secured by collateral.   The investor chooses a hard money lender since the loan is disbursed rapidly, typically within a week, as opposed to standard banks, which take one to two months to issue the funds. Since it bridges the financial gap between the purchase and resale of a property, this type of loan is also known as a short-term bridge loan….
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