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Hard Money Solutions: Your Key to California Real Estate Success
A California-based private money lender specializing in short-term real estate loans, we offer the fastest and most reliable funding options on the market. Our commitment to excellence has positioned us as a leading force in the real estate investment lending sector. Explore expert insights and navigate the real estate landscape with us. Discover the power of swift and flexible hard money loans, redefining success in California real estate and beyond. Tap into Troy's wealth of knowledge – your key to informed and profitable investments.
Results-Driven Hard Money Solutions You Can Count On
In general, hard money refers to loans that are backed by the value of a physical asset, typically real estate. These loans are often used by real estate investors who need quick access to funding and may not qualify for traditional bank loans due to factors such as poor credit history or the property's condition. Hard money loans typically have shorter terms, higher interest rates, and are secured by the property itself, making them a valuable tool for investors looking to leverage their assets for growth and opportunity.
Let our experience be your guide.
Experience the confidence of navigating the complexities of hard money lending with our seasoned expertise as your guide. Trust in our wealth of knowledge to navigate your real estate investment journey with confidence.
200k to 5M
1st & 2nd Position Loans (No Appraisal)
For Owner & Non-Owner Occupied properties.
Loan-to-Value (LTV): 60-65%.
5-Day Close available
No Minimum Credit Score required.
Supports Foreclosure Bailouts.
California Only.
Fix & Flips
Financing: 70-90% of purchase price + 100% of Renovations.
10-Day Close.
12-Month Term available Nationwide.
1st Position Loans (High LTV)
For Residential: 75% LTV.
For Commercial: 70% LTV.
Terms: 5 & 30-year options available nationwide.
Fill out our Quick Quote form on the button below, or email me directly to review your scenario. I'm committed to finding innovative solutions for unique deals and am always ready to get creative.
The Broker who consistently achieves the results you demand
Count on the guy who consistently delivers the results you need in hard money lending for your real estate investments.
Montana Jones
Montana is a determined entrepreneur with big dreams of flipping houses and creating a thriving real estate business. However, her ambitious plans were temporarily stalled due to a lack of available funds for her latest project. Fortunately, Troy stepped in with fast and flexible hard money lending options, providing Montana with the financial support she needed to kickstart her project without delay. With Troy's assistance, Montana is now able to move forward with confidence, knowing that she has the resources necessary to turn her vision into reality.
Benjamin Reed
Benjamin is a seasoned property developer with a proven track record of successful projects. However, his latest endeavor hit a snag when traditional financing options fell through at the last minute. Faced with a tight deadline and the risk of losing out on a lucrative opportunity, Benjamin turned to Troy for help. With his extensive knowledge of hard money lending, Troy quickly provided Benjamin with the funding he needed to keep his project on track. Thanks to Troy's prompt assistance, Benjamin was able to overcome the obstacle and complete his project ahead of schedule, leaving him grateful and satisfied with the outcome.
Frank Sanders
Frank is a passionate real estate investor with a keen eye for lucrative opportunities. He's always on the lookout for properties to add to his portfolio, but his latest venture required quick funding to secure a promising deal. Thanks to Troy's expertise in hard money lending, Frank was able to obtain fast funding, allowing him to swiftly close the deal and move forward with his project. With Troy's help, Frank is now on track to turn his investment into a profitable success, and he couldn't be happier with the outcome.
98%
Close Ratio!
97%
On Time Closing!
Allow our knowledge to lead the way.
Navigate your journey with confidence. Trust in our expertise to lead you to success!
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The Hard Money Advantage: Unlocking Real Estate Opportunities
Unlocking the Power of Hard Money: A Fast, Flexible Solution for Real Estate Investors
In today’s competitive real estate market, speed and flexibility are critical. Traditional loans can take weeks or even months to process, which can result in lost opportunities for investors. Enter hard money lending—an alternative financing solution designed for those who need quick access to capital without the stringent requirements of conventional loans.
What is Hard Money Lending?
Hard money loans are short-term, asset-based loans typically used by real estate investors. Unlike conventional loans, hard money lenders focus more on the value of the property being purchased rather than the borrower’s credit history. This makes hard money loans an attractive option for investors who may not qualify for traditional financing but have lucrative deals on the table.
Why Choose Hard Money?
Hard money loans offer several key benefits:
Speed: Traditional loans can take weeks to close, while hard money loans can often be approved and funded in a matter of days.
Flexibility: Hard money lenders are more flexible with terms and conditions compared to conventional lenders, allowing you to tailor the loan to fit your investment strategy.
Leverage: These loans allow you to leverage the value of a property, which can be crucial for quick turnaround projects like house flipping or bridge financing for new developments.
How to Use Hard Money Effectively
Hard money is best suited for short-term investments like fix-and-flip projects, bridge financing, or when purchasing distressed properties that need immediate renovation. The key to using hard money successfully is having a clear exit strategy—whether it's selling the property after renovation or refinancing into a traditional loan once the project is complete.
Risks to Consider
While hard money can be a powerful tool, it’s essential to understand the risks involved:
Higher Interest Rates: Hard money loans generally come with higher interest rates compared to traditional loans, sometimes ranging from 8% to 15%.
Short Terms: These loans are typically due within 6 to 18 months, so they are not ideal for long-term financing.
Fees: Points and fees are often charged upfront, which can add to the cost of borrowing.
Conclusion
Hard money lending can provide real estate investors with the capital needed to act quickly on investment opportunities. The speed, flexibility, and leverage offered by hard money loans make them an attractive option, especially in competitive markets. However, it’s crucial to weigh the benefits against the costs and ensure you have a solid exit plan in place to maximize your investment potential.
Stay tuned to Hard Money Insights for more expert tips on leveraging fast financing solutions to drive your real estate success! Connect With Us Now!Click Here!
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Your success in real estate starts here.
Equal Housing Opportunity | HomeFrist Mortgage Bankers - ™ 2024 | Mortgage Loans | Company NMLS: 1373777 & 1795353 | NMLS consumer access: https://www.nmlsconsumeraccess.org/ This material is intended solely for the use of licensed mortgage professionals and real estate agencies. Distribution to consumers is prohibited as defined by section 1026.2 of Regulation Z, which implements the Truth in Lending Act. HomeFirst Mortgage Bankers does not provide legal advice, and nothing here should be relied upon as legal advice. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification. HomeFirst Mortgage Bankers is a residential and commercial real estate mortgage broker firm. This is not a commitment to lend. Restrictions may apply. LTV limits are based on current, accurate appraised value. HomeFirst Mortgage Bankers reserves the right to amend rates and guidelines. All loans are made in compliance with federal, state, and local laws. HomeFirst Mortgage Bankers is a California Mortgage Broker under DFPI & NMLS #1373777 & 1795353.