What is a hard money loan?
Mortgage loans that are made to borrowers who have significantly adverse credit are hard money loans. such loans usually are made by funding companies or private investors. And, a hard money loan can be a non-conventional real estate loan based on real estate equity thereby side-stepping a major part of the verification a Federally-insured bank requires to lend the same amount of money. Hard money loans are collateralized by real estate, have higher interest rates and lower LTV’s (loan-to-value ratios) and are common because the lender is not backed by a government institution, unlike mortgages given by banks.
Who are hard money loans ideal for?
Hard money real estate loans are ideal for borrowers who are unable to obtain funding through a conventional source.
Bad credit lenders often provide construction loans, real estate loans, bridge loans and home mortgage loans and commercial real estate loans more rapidly than traditional mortgage lenders.
We specialize in hard money loans in Los Angeles County. If you have a legitimate need and sufficient equity in your property we can help you. We respond to hard money loan requests with integrity and in a timely and professional manner.
When time is of the essence, we can move quickly to meet your time frame. We are a no nonsense, no frills, get it done company, offering every type of option you may require.