We are a hard money lender here to serve your investment borrowing needs. Our specialty is non-owner occupied residential or commercial property. There are no personal qualifying requirements because our loans are equity-based only. This means we can close quickly and hassle-free.
hard money loans are a way to borrow money outside of traditional. they're issued through private lenders, not banks or credit unions.
RCN Capital is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.
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.
Hard Money & Private Money Loans for Real Estate Investments. For Investors With Bad Credit, Self-Employed or Foreclosed Properties. Apply now! 866-500-4500
Hard Money Lenders In El Paso How To Be A Hard money lender hard money loans, on the other hand, are based on a "hard" asset or the value of the property, so hard money lenders don’t usually ask for documentation of income or any of that messy stuff when we are funding a fix and flip investment.When you come to the point in your journey to compare El Paso mortgage. you probably do not have the large sum of money required to pay for a home all at.
This is because hard money loans typically have short loan terms between 1 – 3 years, interest rates between 7% – 12%, and lender fees between 1.5% – 10%. Conversely, private lenders in a borrower’s primary or second-degree circles have loan terms, rates, and costs that vary widely.
In the eyes of most lenders and borrowers, there is little to no difference between a private money loan and a hard money loan. In both cases, the source of the funds is a private investor outside of the conventional banking system and the loan is secured by residential or commercial real estate.
Direct Hard Money Lenders Direct lenders have a lot of money to put to work and at this price, the loan was oversubscribed and funds were scaled back. The loan proved a hard sell given the sector and the jurisdictions.
Hard money lenders have tightened up on borrower and property requirements over the last few years. Many investors cannot get a hard money loan because of their credit score. But fortunately, most private lenders have fairly loose lending requirements in place, making it much easier to get private money.
Hard Money Lenders Houston, Texas Sterling Investor Capital has the answers to all of your hard money lender needs in Houston, Texas. We are able to finance loans which have been turned down by banks and help you out in many financial situations in which a loan would otherwise be denied.