Private Funding Loans
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Commercial Real Estate Loan Pros of Fort Lauderdale is the nation’s largest investor for real estate developers. We make it easy to finance all of your fix-and-flip ventures, new constructions, rental buildings, and multi-family portfolios. We also built and developed to include national rental lending and hard-money lenders with the ability to provide hard-money loans to real estate developers around the globe, including Fort Lauderdale. We look forward to working with developers as they are trying to discover the opportunity that exists in the real estate business today.
The unmatched perspective of the Creditor
Customer Care is the secret to the borrower’s general experience. Our Industry Analysts’ personnel are well educated in our lending facilities as well as the areas in which we lend and will interact with the lender to underwrite the loan from the moment the application is submitted for the closing and funding of the loan.
We have been able to separate ourselves from other traditional hard money lenders by having our promise never to charge our borrowers any hidden costs or junk fees. We are fully capitalized and we fund our loans quickly. In the hard money market, we also have the easiest prices and conditions.
What are we going to do for you?
Fort Lauderdale private money lenders provide short-term loans to people purchasing residential or industrial real estate. Private Funding loans enable lenders to provide collateral, usually in the form of real estate. This measure is meant to minimize the pressure on private money lenders in these high-risk transactions.
In particular, it is relatively straightforward for developers to use private money lenders to buy investment assets when they do not use conventional rules to assign credit to borrowers. Compared to broader financial institutions, such as banks, private money lenders have a more flexible approach. This helps them to bypass a number of red tapes and long documentation to minimize processing time.
Time is necessary when a real estate deal is being finalized. Having the cash ready would make all the difference and allow the consumer to bargain. That’s why we still see that a borrower uses a private money loan as a temporary or short-term loan alternative. Private Money is a “stepping-stone credit” to buy a property conveniently when one is not able to obtain a more traditional lending alternative, such as a regular mortgage.
Private money loan terms and conditions
Private Funding Loans may lend value to almost any real property, although the loan must also be secured in the first place. This ensures that the developer will first pay down his high-risk loan if the property is refinanced or rented. Private money loans are typically short-term, with a typical loan term of two to three years.
Reliable Hard Money Lenders in Fort Lauderdale
Fast Restoration and Finance for Flip Asset Dependent Loans allows investors the ability to spot a problem house to see how it can be turned into a great, ready-to-sell home with funds to purchase a business and do rehab work. Home repair and flip loans are the partnership between viability and equity in this case, and these real estate investor loans have always been our primary focus. We focus on 12-month loans to experienced clients and professionals, but we also lend to qualifying first-time borrowers.
To maximize investment potential, speed is crucial and we provide financing solutions that conventional lending organizations cannot afford.
Seasonal and market patterns will also assess the need for quick and flexible loan schemes for new buildings. Commercial Real Estate Loan Pros of Fort Lauderdale proposes new construction loans where conventional lending is not the best option. New building loans are only available to experienced owners, architects, and builders who typically borrow up to 70% of the property value and 100% of the construction costs. While our underwriting requirements for construction loans are flexible, with no minimum credit score specifications, borrowers can feel assured that we have faith in them, and we will not commit to a loan if our knowledge would not reassure us that someone involved in the deal would make a profit. Where investment opportunities are concerned, our organization recognizes how important it’s to speed up the funding required for your task. At Commercial Real Estate Loan Pros of Fort Lauderdale, we're offering hard-money loans to most types of properties. Compared to the time-consuming system of bank mortgages that may take up to 45 days, we can approve the hard money loan along with granting you funds in a space of just a few days, so our team is here to support you quickly through any step of the way. As the nation's leading direct independent moneylender, we're here to furnish you with hard money loans for the investment property-to support your goals of acquiring real estate! New Construction
A Local Direct Hard Money Lender
We Are The Real Estate Loan Pros of Fort Lauderdale – Asset Based Hard Money Lenders
Given that the hard money loan is focused on the sum of investment property instead of on the equity of the applicant, we can finance investments for borrowers that are not able to access conventional financing because of recent foreclosure, short sale and with tainted credit, the applicant may obtain hard money loans using investment property value as collateral. This form of loan is an excellent option for anybody from beginners with a slender credit background to an experienced investor looking to relinquish cash and scale their business. We finance hard-money loans for multi-family,mixed-use, single-family plus commercial-investment homes.
Hard money rates on interest on asset-based loans are occasionally higher compared to the rates for conventional mortgages. The interest rate on hard money loans ranges from 7.49 percent to 9.99 percent, and competitive lending providers offer eligible customers some of the best prices in the market. Hard money lenders normally charge high-interest rates because of the higher risk inherent with these transactions and the unparalleled speed at which they will manage and fund acquisitions.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below: