You may have heard of the lucrative form of hard-money lending known as a “foreclosure bailout loan.” This is a financial instrument designed to help property owners avoid a costly foreclosure experience. These short-term loans, often with one-year terms, offer an escape hatch for Florida real-estate investors who find themselves in dire straits.
Of course, very few private lenders even offer foreclosure bailouts loans, so you have to know a credible hard-money lender, like Florida AHL, to explore this option.
Foreclosure bailout loans allow you to refinance your way out of trouble with a loan, typically around 9 to 12%, for investment properties within the range of $200,000 and $5 million. Just like our other offerings, here you would leverage the value of your property to obtain short-term credit for refinancing. This is available for a myriad of property types, too.
These loans can reach as much as 55% of the property value. Many investors consider this option after suffering from various life challenges that have led them to fall behind on payments. The repayment plan usually consists of monthly payments, which you can stretch out to about 12 months.
It’s always nice to know you won’t take a colossal hit to your real-estate investments with something as devastating as a foreclosure.
Florida AHL Hard Money can assist you with foreclosure bailout solutions, zero mortgages, cash-out finances, and other essential avenues for debt consolidation. Don’t forfeit everything to bankruptcy without first considering the creative financing alternatives we offer.
Want to learn more?
Contact us anytime by calling 813-368-9919.
