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HARD MONEY PRIVATE MONEY LOAN CENTER
How does a hard money loan work?
Bottom line, consider it as a “bridge” type of loan, meaning it is meant to get you funding fast and not really meant to be kept for long term.
Terms are from 3 months to 24 months. During your term, you have the option to work with one of our Fannie / Freddie conventional loan Mortgage Loan Originators to help you with credit cleaning, etc. to move you into a more conventional loan.
Can Close in Less than 3 days!
What type of rate can I expect?
We will be able to quote you a rate and within 6 hours if not sooner and whether your project is doable. We look at your equity as the majority factor. There are other factors influencing rate, which typically is your work history and payment ability. For hard money, i.e., private money we are between 8.0% to 11.99%.
How can I get a better rate?
We have placed hundreds of clients to the new self employed and No FICO driven loans. They take a bit longer to close, e.g. 30-45 days and rates start at 5.5% to 7.5%.
Why Choose Us?
First, 100% focused attention on your situation. With that said, here are a few other reasons:
Please note: We are a direct lender, broker, and private money lender.
Alt Financial Network
Equal Housing Opportunity Lender Corp NMLS #285120
Equal Housing Opportunity DRE LIC#1851554.
We can cover the landscape of loans. So if a hard money is not doable, we have other options.
© Copyright 2019 – Alt Financial Network. California Lender