Realty411 Magazine Featuring Scott Meyers | Page 38
Stratton Equities:
Hard Money Loans Versus Fix & Flip Loans
New Jersey based
mortgage lender, Stratton Equities,
reviews Hard Money and
Fix & Flip Loans Programs
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This type of loan doesn’t have as many restrictions as
one might think considering that it’s just money, so no
more having to worry about bankruptcies, foreclosures,
collections, etc.
Due to the lack of guidelines and underwriting, a true
Hard Money Loan is generally capped at 65% LTV or
less. For example, let’s say you have a home worth $1M,
if you want $500K against it (50% LTV), you’re able to
receive the money within 12 weeks (from day of application),
commonly as a first lean position because it’s just
money. It’s normally in the form of a Bridge Loan, which
is short term financing in a period of 1224 months.
egardless of the type of investor you are,
Stratton Equities (www.strattonequities.com)
has an array of loan programs that are
designed to meet all your mortgage needs.
Our background in real estate, mortgage lending, and
finance, puts our expertise and experience far above our
competitors. We bring something dynamic to the table,
and we help you close your loans quickly, efficiently,
and professionally.
Hard Money and Fix & Flip Loans are among the
most popular programs that investors utilize for their
real estate investments. Although, they are two different
programs, many in and outside the industry believe
them to be the same loan…but this is the furthest thing
from the truth.
The reason why people
confuse Hard Money Loans
with Fix & Flip Loans,
are because both the loan and
the laws are very similar they
are both private money to an
investment property.
Hard Money Loans
A true Hard Money Loan (www.strattonequities.com/
hardmoneyloanprograms) is an assetbased loan, which
means the financing is based on the Loan to Value
(LTV) of the Asset. Unlike the Fix and Flip loan, it
doesn’t go through full underwriting and there’s no
minimum FICO requirement for the borrower, as it
doesn’t have many guidelines and criteria.
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