Land Loans. We do all sorts of land loans for your bridge financing. We look at land loans nationwide. Here are some brief descriptions of the land loan programs we have. First your have to decide what you would use the loan for. Whether it is a purchase, refinance or cash-out for land we can help. Raw Land
LTV (Loan to Value) Our hard money land loans will generally not exceed 50% of the value of the property. Loan Term. We’re flexible, however the term of our land loans will generally not be longer than 2 years. Interest Rate. Our interest rate can be as low as 8%, depending on the property, the location, the LTV, maturity date and the borrower.
Hard money land loan lenders are lending companies, or individuals, offering a specialized type of collateral backed loan. Private Hard Money Lenders tend to lend short-term loans (also called bridge loans) that provide funding and or cash, based on the value of the collateral.
Hard Money texas land loans & Bridge loans Our Mission: is placing hard/private funds on land in metro areas in Texas and top 100 type cities outside Texas. Some Texas land loan highlights: Consider a blended debt and equity loan- Are you short on equity ? consider a loan of 65% of completed value (regardless of your equity contribution) can be used for construction as well.
North Coast Financial is one of California’s most experienced direct hard money lenders with over 37 years of hard money lending experience.We provide hard money loans in California for real estate investors and property owners through asset-based lending for various real estate projects and transactions including single family residential, multi-family residential, commercial and land.
When a developer wants a piece of land for new construction, a hard money loan is faster than using a traditional lender to purchase the land and complete.
Business Hard Money Startup Business Loans | Accion – Why are startup business loans so hard to come by? For one thing, lending money to startups is considered riskier than to established businesses because, without evidence of a company’s ability to succeed, there’s a smaller chance the business will be able to repay the loan.
Private Money Lenders and Hard Money Lenders such as Payette Financial make Land Loans and Lot Loans by looking to the strength of the land, acreage or development lot pledged as security for the loan, rather than the borrower’s financial condition and credit scores, in determining whether or not to approve a loan request.
Hard Money Loans For Residential Property RCN Capital – Nationwide, Direct Private Lender for Real. – RCN Capital® is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.