Hard Money Lending and Bridge Financing

WHEN THE BANK TURNS YOU DOWN, TURN TO US

When traditional financing isn't available, a hard money loan may be your best solution.

Hard money loans are collateral-based real estate loans made by private investors instead of banks. These loans fill a need for funding when banks won't lend for any reason, there are credit problems, or if there isn't time to obtain conventional financing to secure a purchase or get cash from the equity in a property. These types of loans are sometimes referred to by different names such as private money loans, private equity loans, or bridge loans.

Use a hard money loan for the following:

Purchase real estate: With a sufficient down payment, you can secure a new 1st mortgage with a hard money loan.

Refinance a loan: Hard money loans to obtain cash from equity, pay off a balloon mortgage, and refinance a delinquent loan to prevent a foreclosure. You need at least 15% or more residual equity left in the property after the new loan, including points and fees, to qualify.

Add a 2nd or 3rd mortgage: Hard money loans can be used as subordinate financing to existing 1st mortgages for cash out for debt consolidation, remodeling, repairs, business loans, investments, or for any reason.

Bridge loan: Purchase new real estate before selling your current property