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Hard Money Loans
& Why You Should Work with a Hard Money Lender
By Michael Mikhail , CEO & Founder , Stratton Equities
Are you looking to finance a real estate investment but cannot get conventional financing due to a recent foreclosure or short sale ? A Hard Money Loan might be the right option for you . Working with a Hard Money Lender will allow you to have your loan approved in half the time a traditional bank loan takes , giving you the opportunity to quickly purchase high in demand properties .
What is a Hard Money Loan ?
A Hard Money Loan is ideal for the real estate investor who might have issues obtaining a traditional bank loan or a loan with full underwriting , such as a Fix and Flip Loan .
A Hard Money Loan is an assetbased loan : the financing is based on the Loan to Value ( LTV ) of the Asset . There are less restrictions than for other types of loans , so full underwriting and no minimum FICO score are required for the borrower , meaning you don ’ t have to worry about bankruptcies , foreclosures , collections , etc . They are usually capped at 65 % LTV or less . Because of high cost regulations and predatory lending , Hard Money Loans are for investment properties only so if you ’ re looking for an owneroccupied property , this is not the loan for you . Some states have nonjudicial foreclosure laws , which protect lenders and make them more comfortable doing these highrisk loans , as the money is not sold on the secondary market and the lender holds the note .
How can I acquire a Hard Money Loan ?
Applying for a Hard Money Loan is a fast and easy process . First , find an investment property and reach out to a direct private money lender to assess your loan scenario .
Direct private money lenders , such as the Nationwide Lender Stratton Equities , can provide a Hard Money Loan for the following property types :
● SingleFamily
● MixedUse
● MultiFamily
● Commercial
After applying for a loan , the prospective borrower will work directly with a loan officer to discuss their real estate investment dreams and how a Hard Money Loan can help them achieve their goals . Apply today and close in two weeks or less !
Why should I work with a Hard Money Lender ?
Working with a Hard Money Lender gives you the security needed to take on a highrisk loan .
With companies like , Stratton Equities , they have years of experience in working with real estate investors to achieve their goals . Direct Private Money Lenders provide loan programs with less underwriting and less guidelines that close within 14 25 days .
Stratton Equities is the leading Nationwide Direct Hard Money and NONQM Lender that specializes in fast and flexible lending processes . The team is owned and operated by experienced Real Estate Investors providing a reliable and knowledgeable team to help all Real Estate investors succeed .
For more information , call Stratton Equities at 8009626613 , email us , or apply for loan prequalification today .
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