Hard money loans, also known as private money loans, are an increasingly popular financing option for real estate investors and individuals looking for faster access to capital. With a professional tone of voice, it is evident that these loans cater to a specific niche market and are characterized by their quick application process and collateral-based approval. Unlike traditional loans, hard money loans are funded by private investors or companies, often referred to as "hard money lenders," who base their lending decisions primarily on the equity value of the property being used as collateral. The main advantage of these loans lies in their ability to provide fast access to funds, sometimes within a matter of days, making them ideal for time-sensitive deals or when borrowers have less-than-perfect credit. However, it's crucial to note that the interest rates and fees associated with hard money loans are often higher than those of traditional lenders, given the increased risk and shorter loan terms. Thus, borrowers should carefully consider their finances and exit strategies before opting for this financing option. Overall, hard money loans present a valuable alternative for those seeking quick capital in the real estate market, but strategic decision-making and research are essential to navigate the associated terms and conditions successfully.
Term 12 - 24 Months Interest only
Loan Amount $100,000 to 2,000,000
LTV Up to 75%
Minimum Credit 650 Fico Score
Property Types Non owner occupied 1 – 4 unit properties
Alpha Capital Financial LLC arranges business purpose loans in AK, AL, AR, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NH, NM, OH, OK, PA, RI, SC, TN, TX, VA, WA, WI, WV, WY. Program availability and terms may vary.
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