|
Hard Money Loans From $1
million
What is Hard Money?
Hard
money loans are short-term bridge and gap financing for
distressed
and time critical transactions. Hard money loans are
available on entitled
and unentitled land, residential and commercial land
developments, for
rehabs projects on income producing commercial property,
partner buyouts
and on luxury residential properties.
Our lenders can be fund an economically sound project
very quickly---
sometimes in fewer than 10 days.
The value of the property is the primary qualification.
Hard money loans are
available on projects where the investor has significant
equity in the collateral
regardless of stated income, bad credit or past
bankruptcy . Hard money
loans can be used to reinstate foreclosures and
defaults.
Loan-to-value is between 50-65% of the "quick sale"
value of the property and
may be higher on income producing properties ready for
rehab. These loans
are available from $500,000 on residential property and
$1 million to $20
million or more on commercial projects. Rates and terms
are designed to
compensate for the lender's risk but may be as low as
10% with two points.
Hard money loans are more expensive than a bank loan,
yet less expensive
than an equity partner. Hard money loans typically do
not require income
documentation and may be available for all types of
borrowing entities.
Representative Transactions--A Flexible Tool
-
$16
million for the rehab and repositioning of a 5 star
hotel
-
$7
million for the acquisition of a non-performing
first lien on
commercial property
-
$9
million for the acquisition of entitled land for a
domestic resort
-
$22
million for construction of horizontal
infrastructure for a domestic
resort
-
$26
million for a partner buy-out and horizontal
development of a
Caribbean resort
-
$3
million for partner buy-out secured by industrial
property
-
$39
million to acquire an oil & gas royalty portfolio
Please complete our One Minute Loan Form and we will
contact you by
phone within 24 hours to discuss your specific loan. |
Home
|
MAIN MENU
WELCOME TO Get Your
Funding.Com