Tampa Cash Out Refinance | Bradenton Bad Credit Refinancing Hard money financing is a valuable way to obtain funds from equity in a commercial property when conventional financing is not an option. The property owner may have a previous bankruptcy, foreclosure, or less than ideal credit that will get them turned down by conventional lenders.
A hard money loan is a legitimate way for business owners or others to obtain needed financing outside of the conventional bank loan process. There are many reasons why this might be necessary; self-employment, previous bankruptcy, less than ideal credit, or other reasons that would cause a rejection of a conventional loan.
Hard money loans are secured by real estate, so it can be a valid question whether a hard money loan could be secured without real estate involved. The best answer is “maybe.”
Tampa Hard Money Refinance | Bradenton Bad Credit Refinancing Are you looking for a vacation property or have one and want to pay it off? This may not be as easy as it sounds, particularly if you plan to rent it from time to time. Most conventional lenders will consider this a commercial property and […]
Condo purchases can be a hard sell to mortgage lenders. They not only require you to qualify, they will then qualify the condo association. Condos have traditionally been a bellwether of mortgage industry health, and many lenders consider them too risky.
FL Hard Money Network | Siesta Key Home Refinance Using your home as collateral on a loan is a common practice when obtaining home equity loans or lines of credit. The downside of this is that your home is now being used to secure the loan, and you could lose it if you are unable […]
If you are looking for cash, you can try to obtain a personal loan. These unsecured loans can be difficult to obtain and can come with relatively high-interest rates. A smarter solution may be to take equity in your home and put it to work with a home equity loan. Using your home is called […]
Tampa Hard Money Network | Florida No Credit Home Mortgage For many homeowners, having a second home in the sunny and warmer south during winter months can seem very attractive, or perhaps you live inland and want a place at the beach. Owning a second home might be more cost-effective than renting each year if […]
Commercial hard money loans can be useful to property owners who need finances more rapidly than a commercial bank will provide, or who have less than ideal credit ratings. If the owner has reasonable income streams and the commercial property has adequate equity, hard money investors are interested in providing bridge financing to help your […]
FL Hard Money Investor | Florida Home Equity Loan Investors are coming to Florida from all over the world to take advantage of the real estate market in the Sunshine State. Markets such as Tampa, Miami, Orlando, Sarasota, and Ft. Myers have seen a surge in overseas investors as the real estate market continues to […]
