If you need funds to purchase a property to rehab, buy more investment properties, or buy your own home, hard money lending may be the solution for you.
Hard money lenders primarily look at assets instead of credit scores. In most cases, if you have at least 35% to put as a down payment or use from existing equity, they will provide you with the capital to bridge the gap in a short amount of time. Even though hard money carries a higher interest rate than conventional loans, they can offer the springboard you need to jump into the real estate investment world.
Other benefits of hard money lending include:
Quick Approval. It is possible to get a loan funded in a matter of days as opposed to months. It some cases this can be a make or break factor.
Easier Qualification. Credit scores are not the stumbling block they can be with conventional lending. You are more than a number with private lenders.
Hard Money Same as Cash. Many sellers are persuaded to accept an offer that is based on hard money, because It is considered a cash offer, over a traditional loan.
We are here to help you get started in California, so call us with any questions or investment scenarios at 707-523-2099.