By 
You, the borrower, must conduct a thorough background check on the business of the lender as well as their credit history. But the hard money lenders could be a huge advantage when you are trying to fund your real property investment.
Florida is a great choice for real estate investment. Real Estate investors are always in hunt for the great real estate deals to be invested in Florida. In comparison between 2000 and now, there has been an increase of 23 percent in the Florida real estate prices. This is the reason why Florida is considered as the fastest growing real estate market for investment.
Our Hard Money Loan Features:
- RATES BEGINNING AT 6.99%*+
- POINTS AS LOW AS 1.50*
- 3 YEAR TERM INTEREST TERM ONLY
- LTV UP TO 90%
- NO PREPAYMENT PENALTY*
- QUICK 7 DAY CLOSING
- BROKERS ARE WELCOME
- NO TAX RETURNS NOR verified income tax codes are required.
- MINIMUM LOAN AMOUNT $100-$100 MILLION
- LENDING AVAILABLE NATIONWIDE FOR COMMERCIAL LOANS
- N/O/O RESERVATION, BUSINESS INVESTMENT, USE AND COMMERCIAL
PROPERTIES ARE PERMITTED
- 30 YR RENTAL PROGRAM WITH RATES STARTING AT 5.49 percent!
Benefits of Hard Money Loans in Pembroke Pines, Florida
Faster approvals: Real Estate Investors in Florida may get pre-approval for a hard money loan within one to two days, if they provide the necessary documents. The primary focus of lenders who offer hard money is on whether the property is of good value in the market and that borrower equity is at or above 20 percent. It is possible to fund in less than one week, compared to traditional loans which could take a month or even more. It is crucial to inquire about hard money lenders’ time to fund.
Flexible payments: Private lenders in Florida provide greater flexibility in modifying your repayment schedule. If you work with a large financial institution, you won’t have this freedom. You’ll be required to agree to the terms of payment set by the bank. It is possible to talk with an individual lender and agree on a repayment plan that is mutually beneficial for both parties.
Fewer Requirements: When applying for a hard money loan from a normal financial institution, you will be expected to meet a number of requirements that are set in stone including financial history, work experience and more. Bank approvals can be lengthy but it’s not hidden. You are likely to find that you won’t have to deal with the numerous requirements by a hard money lender. If you own an asset of high value with at least 20% equity in the asset, there are good chances to be eligible to receive the loan.
Zero penalties for prepayments If you take out an installment loan from an established bank, you may be penalized for prepayment when you repay the loan prior to the maturation date. Prepayment penalties are not usually applied by fix-and-flip lenders in Pembroke Pines. If you have extra cash and wish to pay off your loan earlier, you will not be penalized.
Credit history is not a big problem for big lending institutions, your credit history could have a significant bearing on whether or not you are granted the loan. The mistake for the Hard Money Loan Florida is to put less emphasis on poor credit histories. This is because of the fact that a private lender bases credit approval on the value of property, borrower equity, etc. If you satisfy the requirements above, you are in a good chance of getting approved for funding.
Webmaster Credit: This guest posting is process by this website admin. If you are looking for more guest posting sites to promote your money and finance related websites then check guest posting service and sites list. More than 10 thousands websites from different IP and niche market.
Comments